“Post-Brexit regulatory shake-up: What could be the implications of a Big Bang 2.0?”

Jul 20, 2022 | Financial Services

The ‘Big Bang’ of the 1980s had far-reaching consequences. Rules, many unwritten traditions involving all sorts of handshakes which had held together the City and our financial system for possibly a couple of hundred years, were binned in the name of Thatcherite, free-market progress. Suddenly, you could become a merchant banker without having been to public school and banks could own stockbrokers and insurance companies. Anyone could become a dealer in all sorts of things no-one had previously heard of, fortunes were made, then lost, when it all came home to roost in 2009. And here, it seems, we go again, with a post-Brexit Big Bang 2. To paraphrase the late, great George Micheal, what have we learned from all this pain? Very little, I suspect.

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“Advisers fearful of further compliance and regulation”

“Advisers fearful of further compliance and regulation”

We know, of course we know, that regulation is, or at least should be a ‘good thing’. If those who need or should seek advice can be confident that they’ll be told the right thing, that someone has looked at those ’too good to be true’ investments before they’re allowed to take your money; or, in the case of a Woodford, while they’re raking it in to make sure it’s going where it’s supposed to.

“Is the AI hype machine losing steam?”

“Is the AI hype machine losing steam?”

Many of the reviving rises in stock markets, particular in the US in the last year or so have been driven by AI. Not those buy-and-sell computerised algorithms we’ve heard so much about for years now; but the share prices of the big tech companies ‘at the heart of the AI revolution’.