A raft of European regulations is being driven by politics rather than rational thinking, especially plans to reform the AIM market, says Roger Ganpatsingh
It may have taken some people longer to accept the full extent of the global financial mire we find ourselves in, but by now most of us will appreciate the fragile and unstable times we live in. As this collective realisation has grown over recent years, so too has the wider public’s anger with all those involved in the financial markets, whether they are bankers, investment managers or pension providers.
While political leaders around the world have been quick to jump on the ‘blame game’ band wagon, cynics could be forgiven for thinking the plethora of regulation that continues to descend upon world financial markets has gathered an increasingly unhealthy proportion of its momentum from politically motivated factors, at the expense of longer term concerns over those markets. It is clear that world financial markets had become somewhat unbridled in their quest for ever-increasing returns and, as such, the consequent regulatory ‘correction’ has been inevitable. Hedge fund and private equity managers are being hit with their fair share of additional regulatory burdens on the back of the wider regulatory onslaught.
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