Regulation is a needless waste
All brokers should have implanted in their brain the day in the mid 90s when Helen Liddell stood up ...
All brokers should have implanted in their brain the day in the mid 90s when Helen Liddell stood up in the Commons and announced the scrapping of IBRC and the intended repeal of the Broker Registration Act. After delivering what must be one of the most expensive bombshells in our industry's history, she promptly left the Department of Trade and Industry (DTI) and moved into another cabinet post.
What followed is a story akin to a Whitehall farce, although by no means funny, for its players and
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