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Personal musings on market reform

Personal musings on market reform. Barnabas Hurst-Bannister Travelers Syndicate Management Ltd. Some myths…. “There is no cross-market agreement on what needs to be done.”. “The London market is incapable of change.”. “Brokers will not reduce commission levels.”.

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Personal musings on market reform

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  1. Personal musings on market reform Barnabas Hurst-BannisterTravelers Syndicate Management Ltd

  2. Some myths…

  3. “There is no cross-market agreement on what needs to be done.”

  4. “The London market is incapable of change.”

  5. “Brokers will not reduce commission levels.”

  6. “It is impossible to rationalise or simplify the structure of governance.”

  7. “We all need a break from this reform stuff.”

  8. “Service provider choice is neither desirable nor inevitable.”

  9. “You can escape from a market committee.”

  10. All of which should give us the confidence to ask some serious questions… Target operating model? Embrace structured messaging? Are the projects joined up enough? Balance? Reap the benefit of reduced re-keying? Whither the bureau? Central services? Only the client gets the benefit? User pays vs mandate? Why is change difficult?

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