State of the internet...

... and of investment banking regulation.

A colleague on their internal IBM blog linked to a Morgan Stanley report on Web 2.0. It caught my attention because it has Mary Meeker's name on the front of it. My readers may remember her from the first internet bubble...

Anyhow, the slide deck is as interesting as reports of this nature usually are (that is: not particularly) but what caught my eye was the final four pages.

In ultra-small print, there are more disclaimers, disclosures and regulatorily-inspired data points than in the main body of the document itself. I knew the fallout of the dot.com bust had resulted in big impacts but it's only when you see a report like this that you realise quite how many resources are now spent on compliance. Scary stuff.