Tag: Regulation
Pop goes everything
The years since the 2008 financial crisis have been among the strangest in the history of monetary policy. Interest rates have been lower than...
Capturing the regulators
A new book by Financial Times journalist Dan McCrum tells the story of Wirecard. The German company, which acted as a payment processor (an...
Why competitiveness should not become a goal for the FCA
The promotion of competition is an existing aim of financial regulation. But in proposals around the Future Regulatory Framework in the Queen’s...
Bitcoin: Boon or Bubble?
https://soundcloud.com/curioio/john-kay-bitcoin-boon-or/s-UenQt
Boon or Bubble?
Is Bitcoin a bubble, a scam, a Ponzi scheme? Or a transformational innovation which will change forever the functioning of the global...
Risk, the retail investor and disastrous new rules
I am a board director of Scottish Mortgage Investment Trust (SMIT), a £6bn investment fund based in Edinburgh. You can receive material about the...
The real meaning of risk for retail investors: John Kay takes...
John was recently interviewed about a forthcoming FT Money article by Claer Barrett. Listen to the interview via the FT, via Soundcloud, or subscribe...
I Kid you not, new European rules rely on a bent...
European regulations which came into force at the start of the year require many providers of Prips (packaged retail investment products) to produce a...
Asset managers should compete on philosophy and style
The asset management sector in the UK is very competitive, but not very price competitive. This apparent paradox runs through the FCA’s report on asset management, but is never adequately recognised or explained. But only by acknowledging it can regulators help to create an industry which works better for investors and for the economy as a whole.
Jam tomorrow: The meaning of non-tariff trade barriers
The reality of Brexit and trade negotiations is a review of the rules governing myriads of individual products in mind-numbing detail. Those who thought Brexit meant less regulation, less bureaucracy, fewer civil servants, are in for a surprise.
Stakeholders with the most to lose should control struggling companies
When a corporation is unable to meet valid claims, control passes to the holders of these claims in a legally defined order of priority. But, as finance has grown more complex, these rules have come to look more shaky; they can falter dangerously in modern banking or in the case of a struggling retail business such as BHS.
