International Finance

Category : Banking

Banking

The pros and cons of the world adopting versions of the UK’s RDR model

Over the last three years, there has been a steady move away from commission-based towards fee-based business models in most jurisdictions Nigel Green Versions of the UK’s Retail Distribution Review (RDR) are increasingly finding their way into the international financial advisory sector. The Retail Distribution Review, or RDR, a set of rules introduced by the...
Banking

Location, location, location: Why the HSBC headquarters stayed in London

Moving to a more economically dynamic Hong Kong would subject it to China’s not-yet-ready-for-prime-time economic institutions Richard S. Grossman March 27, 2017: In February this year, HSBC, one of the world’s largest banks, decided not to move its headquarters from London to Hong Kong. The revelation that a company is staying put is usually not...