#Whine it sound cloud money professional#

It is incredibly difficult to put strict, transparent processes around that - where the regulator can tick boxes and confirm that you have done a good job or the right thing. Where it starts to become less obviously value-creative is the fact that investment is about individuals exercising judgment human beings, who have opinions and thoughts and ideas, exercising judgments about whether individual securities and markets are going to move one way or another. Where we are forced to professionalise across the spectrum of services that we offer, it is probably in the interests of our customers and I would support that.

#Whine it sound cloud money professional#

The industry has not always thought about the end-to-end implications of that and endeavoured to have the very highest levels of professional standards in everything it does, over and above just having a strong investment process that generates acceptable returns. When you are entrusted with the responsibility of running and looking after somebody else's money, it is a very significant responsibility. That lack of coordination is what we struggle with more than the specific regulation This makes it really, really hard to coordinate between European regulations, US regulations, Middle East regulations and so on. What worries me most is not the specific regulation but the uncoordinated effort between different countries. To simply blame the regulators is a mistake we deserve a lot of what is coming our way and the sooner the industry realises that the better.

I started my career as a bank supervisor, so that is the point from which I come.