Saturday, 31 January 2015
Last updated 15 hours ago
Dec 11 2013 | 11:21am ET
After eight months, bankers and hedge fund managers are anything but impressed with the U.K.'s new Financial Conduct Authority.
The FCA succeeded the Financial Services Authority in April, part of the British government's overhaul of its regulatory agencies. But that overhaul appears to have produced a regulator that's no better than any other, according to financial services professionals.
Just 18% of the 300 bank, asset management and hedge fund executives surveyed by Kinetic Partners think that the FCA has found the right balance between protecting investors and promoting growth. Than again, only 12% believe that the more venerable U.S. Securities and Exchange Commission and Hong Kong Securities and Futures have struck that balance. And 49% of those surveyed think that no regulator anywhere has found the right balance.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…