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When the Financial Conduct Authority's proposals to 'simplify' mandatory disclosures for investment products (moving away from EU rules) are welcomed by the Financial Services sector, you might well smell a rat....
These disclosures while complex were intended to ensure investors had as much information as possible before investing.... of course, financial services firms would like a simpler disclosure regime; their endemic corruption is always hidden in the detail!
#FinancialServices
h/t FT
@ChrisMayLA6 I completely agree. Having acted as a consultant for decades, mostly in the finance sector, I’ve watched crash after self-inflicted crash. Regulation is there for a purpose, and when it fails it’s we who suffer through losses by pension funds and so on. The one group that always emerges unscathed is the bankers themselves.