Super Linear: Digital marketplaces and the science of cities
Jonathan Greenwold,
, Pippa Rudling
What will it take to restore trust in financial services?
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The financial services industry is a hugely complex web of organisations, products and regulations. Given how central financial services is to society, trust in the industry is absolutely vital. However, it’s very clear that after much-publicised scandals and the global financial crisis, many people have lost trust in our industry. Indeed according to Edelman’s 2019 Trust Barometer financial services is the least trusted industry sector.
Improving transparency is one of key ways we can rebuild trust. There are many initiatives to try to improve different elements of transparency in our industry, including the FCA’s MIFIID II regulations, and the Pension and Lifetime Savings Associate’s Cost Transparency Initiative. Of course at AMX we are using technology to help standardise the institutional investment process, and reduce many of the inefficiencies that exist today.
Increasing transparency across the whole industry is no easy feat, so it was inspiring last week to be surrounded by people who are attempting just that, at the Transparency Taskforce Conference on “How to accelerate the rebuilding of trust and confidence in financial services?”.
It was a fascinating event with some impressive speakers. Here are my 5 key takeaways:
The conference was an inspiring event. Thanks to everyone who contributed to make it happen. My colleagues and I at AMX look forward to getting involved in some of the special interest groups, and to attending future events.
Transparency Taskforce is a community organisation with over 300 volunteers in 18 countries working to make our industry more transparent. You can find out more about them and how to get involved at www.transparencytaskforce.org.
Super Linear: Digital marketplaces and the science of cities
Jonathan Greenwold,
A partner for managers and institutional investors – the value of an institutional platform
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