The 1920s were known as the “Roaring Twenties” and it was a decade of two halves, starting with relative prosperity, following the First World War but progressing to rising unemployment, precipitating the Great Depression of the 1930s.
Will the 2020s mirror the 1920s – a Brexit boom followed by rising inflation and rising unemployment? I haven’t a clue – but what I do know is that the wave of new regulations and enhanced regulatory supervision will continue. My copy of the Securities and Financial Services Law Handbook (Butterworths) includes around 250(!) European Financial Services Regulations or Directives that have been published in the last decade.
After the Brexit transition period ends in December 2020 and the UK is no longer obliged to directly implement European Regulations, will we see the FCA, with more time on its hands, starting to “roar” and take it upon itself to make new investment management focused regulation? Watch this space.
MJ Hudson works with clients in the fields of law, international administration, fund management, investment advisory, and IR and marketing, across both alternative and traditional asset classes.Gresham House Strategic PLC (LON:GHS) has a 1.3% ownership of MJ Hudson as of June 2018.
