The chairman harks back to a time when there were no rules at all in the investment game
"So what do you think of the FSA's desire to move towards more principle-based regulation?" I asked the chairman of the insignificantly-sized investment group SmallBluePlanet as we enjoyed a bottle or two of Capri Prenup at The Three Jets. "As opposed to?" asked the chairman, looking for further and better particulars. "As opposed to rule-based regulation, I suppose." "Then I am in favour of it," said the chairman. "In principle. There are far too many rules in this investment game. Back when I started out, we didn't have any rules at all and I don't remember it doing us any harm." "I'm su...
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