View more on these topics

Danger of over-regulation

Over-regulation poses dangers as a response to the economic crisis, according to Tony Blair in his autobiography.

He considers that too much regulation risks “squeezing the innovation” out of the financial sector.

He says: “First, the market did not fail. One part of one sector did. The way sub-prime debt was securitised, spliced and diced and sold on with no real appreciation of the underlying risk or value was wrong.”

“Regulations failed. Politicians failed. Monetary policy failed. The responsibility for the crisis should be shared, not borne by the market alone or even the banks alone.”

He says there must be systems of national and global supervision to understand and track the new financial landscape.

But he adds: “My preference is to approach regulation with caution, not to deny the financial sector a say in putting it right but to deal with it as a partner in trying to achieve the correct balance between supervision and regulation.”


Britain’s EU rebate under threat

The EU budget commissioner has warned the UK’s EU rebate is under threat. Janusz Lewandowski, the EU budget commissioner, told German business paper Handelsblatt that the rebate for Britain has “lost its relevancy”. Former Prime Minister Margaret Thatcher negotiated the British rebate in 1984, a 66 per cent discount on payment of contributions which gives […]

Leaviss switches funds at M&G

Jim Leaviss, the head of retail fixed income at M&G Investments, is to hand his high-yield corporate bond fund to Stefan Isaacs to focus on M&G’s new UK inflation-linked corporate bond fund. Isaacs has managed M&G’s European high-yield bond fund for more than three years. Leaviss will become his deputy manager and co-run the new […]

David Miliband wins backing

The Blair memoirs, released on the day that ballot papers for Labour’s leadership campaign were sent out, contains reflections on some of the candidates. On David Miliband, the book says: “He did a masterful job of putting the Government programme together, keeping ministers happy even while guiding them, sometimes forcefully, towards a direction other than […]

Solving the income puzzle

There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm