John Kay, author, academic and contributing writer to the Financial Times, told a Hong Kong audience that the finance industry has years to go before it rebuilds trust.
Kay was in town to promote his latest book, Other People’s Money, and to remind us that the finance industry spends very little of its time on what the public might perceive as its proper role payments, financing housing and infrastructure, funding retirement and supporting new business.
Instead, most financial companies spend their time trading among themselves, for their own profit, and at arm’s length, with old-fashioned relationships relegated to the dustbin.
Regulation since...
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