When asked if the reforms could turn the financial industry into the likes of utility companies, Mobius said he was "all for it".
"If stock exchanges, savings banks (and) those institutions became utilities, I'm all for it, because that's the service that has to happen properly and regulated for the market to work."
Mobius also said he does not think volatility or trading will go away, as everyone, including the U.S. Administration, realizes that "this is essential for the workings of a free economy."
With regards to regulation in Asia's financial sector, Mobius noted that interest in the region has heightened.
Credit for swaps, spreads for Greece and Portugal are far higher than in China, he noted.
"People are more confident in putting money into these banks. The dangers that the lessons we're learning now in the west are not learned in Asia. Hopefully they'll adopt some of the regulatory mechanisms that are being learned."