19 August 2010
Three Reasons Financial Services Innovation is Moving to Emerging Markets
19 August 2010.
Let me go out on a limb and make a prediction; innovation in financial services will increasingly move to emerging markets as the ‘developed’ world continues to grapple with Too Big To Fail banks that need to maintain the payment of large amounts of profit to their ‘talent’ (a third or a half of profits being ‘invested’ this way is not uncommon), in markets that are stagnant or declining.