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By Mash PATEL, Founder of Kurtosys
What has the collapse of SVB, First Republic and Signature Bank - and some heightened concerns about what others may follow - got to do with investment management, not to mention the niche regulations around Consumer Duty? It could be argued that there is absolutely nothing relating these two corners of the financial news space. In fact, consumer duty is not something that grabs home pages of any of the major financial news sites. Your author can’t find much at all about Consumer Duty in any of the mainstream financial press whereas when it comes to bank collapses, the headlines are large and the scriptwriters for the movies are scribbling away as we speak. Bank collapses linked to Consumer Duty. Mmmm, I don’t think so. But...
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