Tulloch predicts major post-crisis regulation changes

Co-winner of OSBR Outstanding Investor award is taking defensive measures on portfolio, believing the financial crisis to be the worst for at least a decade

First State's Angus Tulloch expects recent market events to trigger a lot more economic collateral damage and huge changes in financial regulation as we move out of the current turmoil. The Asia Pacific fund manager said while he does not know of an alternative solution, consolidation of companies is not necessarily the answer. "I am not convinced the consolidation of investment banks is the answer but I think we will see a very different future in terms of regulation," he added. In the UK, he said it was sad to see an institution like Bank of Scotland taken over. Recent co-winner o...