There are credible reports that the US is planning considerable reform of the banking regulations including lowering the capital banks have to hold, reported here in the Guardian and Financial Times.
The day before Reuters carried a story essentially about the US banks lobbying for change based on their assertion that it would allow them to bolster US Treasuries.
That market along with the dollar has obviously had a torrid time of it in the past few months, certainly in the midst of the tariff turmoil. Things have calmed down to some degree but I am not sure the developments should be welcomed.
The very last thing the world needs is a financial crisis. We should also note that the UK has been easing capital requirements.
Now a story about someone who moved into advice from the banking world.
After spending the first decade of his career at RBS — now NatWest — Matt Campbell, founder of Stadium Wealth, said his experience in banking shaped his role as an adviser.
He talks to FTAdviser.
I like this quote from his latter years in banking, which helped him realise he wanted to be an adviser - “I realised I was pretty good at that transition between corporate and personal but I felt like the relationship management type job that I was doing was going out of fashion. It was always going to be a declining market.”
A shareholder dispute at global fintech firm FNZ is escalating, Money Marketing reports, as employee shareholders accuse the company of using legal threats to silence dissent ahead of a planned class action.
Class B shareholders — many of them current or former employees — intend to file legal proceedings in the High Court of New Zealand, where FNZ is domiciled, by the end of May.
Less than 9% of the UK population received financial advice last year, new data from the Financial Conduct Authority has revealed, Money Marketing reports.
The FCA’s Financial Lives survey shows only 8.6% of people sought advice on investments, pensions or retirement planning in the previous 12 months.
Pension funds agree to invest 5% in UK private assets by 2030, Citywire New Model Adviser reports.
The new Mansion House Accord has been signed by 17 pension providers, with the aim of allocating a total of 10% in private assets via DC pension funds.
There are several refusniks among pension providers including Fidelity, Scottish Widows and Hargreaves Lansdown as Corporate Adviser reports. That title also reports on misgivings among pension consultants.
