One of the issues that plagues investor education and financial service professionals, who are focused on educating retail investors and have a vested interest in a better-informed client base, is that many individuals don’t perceive themselves as investors.
The combination of the financial crisis, events like the Libor scandal, and frequent news stories about financial organizations putting their interests above their clients, it is obvious why some investors may be concerned about the quality of advice and the motivations of their financial service providers.
The European Commission's proposal to monitor financial-stability risk from clearinghouses outside the EU is not at odds with US agreements, German deputy finance minister Joerg Kukies says. Financial Times (subscription required) (12 Nov.)
UK and EU negotiators are working long hours this week to resolve key Brexit issues, said British Prime Minister Theresa May. "The negotiations for our departure are now in the endgame," she said, adding that there "will not be an agreement at any cost." Politico (12 Nov.)
The Securities and Exchange Commission wants firms to give more details when sharing potential consequences of a "hard Brexit" with investors. "My personal view is that the potential impact of Brexit has been understated," Chairman Jay Clayton said. The Wall Street Journal (tiered subscription model) (12 Nov.)
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