Post by mangomoney on Oct 27, 2016 15:26:56 GMT 7
Aberdeen's Gilbert: The unintended consequences of the 'Big Bang' 30 years on
Contributed to market short-termism
The ‘Big Bang' reforms which saw the deregulation of the UK securities market three decades ago, has contributed to the current short-term thinking of investors, according to Aberdeen's CEO Martin Gilbert.
The 'Big Bang' major reforms were implemented by prime minister Margaret Thatcher and Chancellor Nigel Lawson in the 1980s.
It saw the removal of fixed commission charges and the requirement that the roles of broker and agent should be kept separate, and led to the London Stock Exchange becoming a private listed company.
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