The Great Chinese Exodus – WSJ

English: The Chinese characters "漢語/汉语&qu...

English: The Chinese characters “漢語/汉语” meaning the Chinese language, made using the 汉鼎简中楷/汉鼎繁中楷 truetype font Category:Chinese writing Category:Language names in non-Latin scripts (Photo credit: Wikipedia)

This article from the WSJ is well worth a read. Check it out!

via The Great Chinese Exodus – WSJ.

As I read the article, I was fascinated how Chinese could go to the US so easily. Presumably, there is a special residency visa class for those that can afford it?

Any thoughts?

 

U.K. Struggles in Fight Against Insider Trading – WSJ.com

Seal of the U.S. Securities and Exchange Commi...

Seal of the U.S. Securities and Exchange Commission. (Photo credit: Wikipedia)

The Wall Street Journal fires a broadside at ineffective financial regulation in the UK. It’s a MUST READ. Check it out!

via U.K. Struggles in Fight Against Insider Trading – WSJ.com.

The article rightly cites that the UK regular, the Financial Conduct Authority (FCA), has far weaker powers than its US cousin the much feared Securities and Exchange Commission (SEC). The FCA is the renamed Financial Services Authority (FSA). The FSA was caught napping in ahead of the 2008 financial crisis, with ineffective banking regulation. Also the FSA presided over the Equitable Life collapse.

The WSJ article talks about high staff turnover at the FCA. BUT the real problem is surely that that David Cameron’s government has not had the guts to stand up against the financial services sector?

Let me ask an open question:

Do you think that the UK’s Financial Services Authority provides effective control and deterrent over the UK’s financial services sector?

Any thoughts?

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