Not long ago I met a financial regulator at a social function. A fund manager who once made news as a star performer, his fund took a downturn before the crash and eventually he turned to a job at one of the government’s new regulatory agencies. Pointing to the wave of new regulations that followed … Read moreIs bank ring-fencing set to go down the pan?
I only ask because it seems that in no other walk of life are professionals actively encouraged to be immoral. With the prioritisation of personal profit, anything goes. If the target is double digit returns, how they are generated is not a matter for concern. In financial services, fund managers are encouraged not to muddy … Read moreIs finance the last bastion of immorality?