Will regulators impinge progress of private banking?
Last year’s rule changes will continue to have global implications, but regulators need to beware the impact of their work is not fewer clients served by fewer bankers offering fewer choices.
Bankers around the world had a bumpy ride in 2011, made more difficult by roadblocks and diversions thrown up by regulators.
These officials are a well-meaning bunch, creating structures to protect the end-consumer, ensure the health and stability of the global financial system, and make sure governments receive their share of tax revenues.
But while their intentions are good, regulatory changes of the past year will continue to impact the strategies of wealth managers in key m…
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