JB Beckett: Competition and the future of financial services

Not such a 'British Bang'

clock • 4 min read
JB Beckett
Image:

JB Beckett

As an industry, financial services have been regulated to lesser and greater extents via myriad economics that since the 1980s have been led by neoliberalism, which since has been described as financialisation.

It is therefore important to understand what neoliberalism is, the political motivation behind it and its important within Treasury, the Conservative party and Brexit, if we are to understand the ongoing role of the financial service sector. What is neoliberalism? Financialisation, or financial neoliberalism, sees the domination of the macro economy and economic policy through financial sector interests. Today the economic system is burdened by this structural demand gap which has to be filled by debt and the rise of financial neoliberalism has seen the increase in the indebtedness ...

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
member?

Login

Trustpilot