Power to the People
We are clearly at a crossroads in relation to financial regulation. We are at the end of the ‘gentlemen’s agreements’ road characterised most recently by self-regulation and we are now heading down a very different road, as the recent avalanche of regulation (MiFID, MAR and MAD, I am looking at you) shows. I disagreed with the last road and strongly disagree with the new one; mainly because I don’t believe that either achieves the stated aim i.e. investor protection. But it is myopic to just take aim at regulators missing the point; there are regulators, businesses and investors too (and I count myself here) who should take some of the credit.
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May 15, 2017 at 01:50PM