Friday, 11 June 2010

Phat Fees: A Regulatory Requirement

League tables via FTAlphaville demonstrate there's a lot at stake - although the OFT seems to think there's £2bn in fees as opposed to Reuters figure of £940m. So, right away it appears the OFT may be casting its net wider than the banks would like.

Will the result be the opening up of financial markets with simple financial products accessible to all, or will the regulatory framework continue to funnel all our major investment opportunities and investment funds into a killing zone reserved for a privileged few?

Place your bets now!
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