How can crowdfunding drive business growth when the FSA insist that investors need protecting from themselves” The City Grump urges crowdfunders to apply the law of KISS: Keep it Simple, Stupid.
Businesses are absorbing the outcome of a pilot study by the FSA, which found that over 90 per cent the interest rate hedging products banks encouraged SMEs to take out were mis-sold.
Despite the celebrations of economic growth, Barry E. James points to what seems to be a long forgotten root cause of the economic meltdown; it's time to review those banking licenses.
His criticism of the FSA's restrictions on crowdfunding opened the floodgates for discussion. Now, Barry E. James follows up with a proposal.
Only in the UK would crowdfunding be withheld from starting a revolution of finance, as it did in the US.
Following on from the Telegraph’s exposé about banks mis-selling to SMEs, the FSA has agreed to listen to business owners. Hurrah”
The most recent edition of the Sunday Telegraph looks to have unearthed a particularly nasty form of mis-selling to SMEs. Will the FSA act or will it reconfirm some commentators label as the “Fundamentally Supine Authority
The Treasury Select Committee has commissioned City grandee Sir David Walker (aka Mr Whitewash) to vet the FSA’s report into the collapse of RBS. Is this a cause for celebration?