Comment by Joy Dunbar, Editor of Absolute UCITS
The point of financial regulation is to, in part, aim to create a ‘safer’ environment as well as create trust and a reputation for fair dealing in markets.
But two pieces of research published recently indicate that increasingly intrusive regulation may not be having the desired effect of creating trust within the industry.
One, which questioned chiefs within the financial services sector, explains that regulators plans may not stabilise financial services industry and won’t rebuild reputation. While the other has found that fund managers feel that heavy regulation is the main issue