Has financial services regulation made the world a safer place for investors?

• Hackney Local Group -

Clive Menzies (Chartered FCSI, coordinator of the MacroRisk Connect Programme) gives his point of view on financial risks induced by interconnected markets.

The old self-regulatory structure of the UK Stock Exchange was swept away on 26 October 1986. ‘Too big to fail’ global banks emerged through the acquisition of most of the independent players. They dominate the web of power, which extends into every aspect of financial services to ensure their interests are protected and served. In the world of centralised money power, we have created inevitable consequences: manipulated markets, totally ignored by statutory regulation, and systemic or macro risk.

We will have a 20 minute discussion, and as usual we will go for a social drink in the pub afterwards. Come along and bring your friends!