Martin Gilbert: The three big challenges for the industry

Discussing Andrew Bailey's Mansion House speech

Martin Gilbert of Aberdeen Standard Investments

Martin Gilbert of Aberdeen Standard Investments

Martin Gilbert, co-chief executive of Aberdeen Standard Investments, examines three big issues for the financial services sector.

There is really only one speech that has been discussed in the media over the past two weeks. It is Prime Minister Theresa May's address to the Conservative Party Conference.  Other recent speeches, however, have received rather less attention. One I have in mind is the address that the chief executive of the FCA, Andrew Bailey, gave at the City Banquet at Mansion House. He highlighted three big challenges facing the regulator and financial services industry. First, is the growth of consumer credit. This currently stands at around £200bn, encompassing around £68bn of credit card debt,...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Regulation

Index providers have become “increasingly influential”.

SEC considering treating index providers as investment advisers

No longer 'data providers'

Elliot Gulliver-Needham
clock 17 June 2022 • 1 min read
JB Beckett

JB Beckett: Competition and the future of financial services

Not such a 'British Bang'

JB Beckett
clock 16 June 2022 • 4 min read
MPs said that there will be opportunities to seek regulatory simplification while being mindful of continued compliance with global standards.

MPs warn government against weakening of financial regulation standards

Opportunities for simplification

clock 15 June 2022 • 2 min read