Financial services after the crash
The Lehman Brothers crash of 2008, which helped precipitate the crisis in the global banking sector, has had lasting ramifications across the industry and lead to a glut of changes in the UK's financial services as experts attempt to avoid further problems and steer the world's economy back to growth.
However, these reforms have not stopped yet, and many further regulatory shifts and paradigm alterations are to be expected in the coming years. While the sector appears to be in relatively good health, at least in Britain, practitioners are understandably chary of making any big predictions about the future of the sector.
For workers hoping to decide on their next career move or simply sticking their finger in the wind to gauge job creation prospects over the coming decade, an upcoming seminar at the London Business School could prove interesting - as could the green paper the institution is hoping to produce after the event.
The high-profile discussion is taking place at the school's finance department and will feature contributions from major luminaries such as Sir Win Bischoff, the chairman of Lloyd's Banking group, and Andy Haldane from the Bank of England.
Vikrant Vig, associate professor of finance at London Business School, cited Heisenberg's uncertainty principle in describing the lack of clarity predictions about the financial services sector tend to suffer from - somebody's been watching Breaking Bad.
"As soon as you throw light on a problem, the behaviour of the subject changes, making it hard to get a natural observation - as soon as you create a rule banks change their behaviour to game the system and you find yourself looking at a considerable challenge," he argued.
This means that predictive regulations can often find themselves outmoded or easily circumvented shortly after their implementation, explained the academic.
While it may be tempting to dismiss this kind of talk as ivory tower-ish abstraction, the reality is that the future of the sector is dependent on its ability to reform and change in line with ideas such as these.
Signup to receive the latest discipline specific articles
Related articles
Teaser
Financial ServicesContent Type
Career Advice
25/11/24
Summary
Private equity (PE) ranks among the fastest growing areas in today’s finance world. With private equity value up by 36% in value compared to 2023, there’s arguably never been a better time to get
by
Neil Burton
Teaser
Finance & AccountingContent Type
Career Advice
08/11/24
Summary
The social, cultural, and economic shifts we’ve witnessed over the past number of years have resulted in a drastic, rapid evolution of the UK’s financial sector. To remain viable in these transit
by
Thomas Steel
Teaser
Finance & AccountingContent Type
General
08/11/24
Summary
From the advent of fintech and AI to post-pandemic, post-Brexit impacts, the UK’s finance sector continues to undergo rapid evolution. 2024 has also seen the finance world held to greater regulat
by
Conor Brooks
Related jobs
Salary:
£140,000 - £150,000 per annum
Location:
City of London, London
Industry
Consumer & Retail
Qualification
None specified
Market
Commerce & Industry
Salary
£125,000 - £175,000
Job Discipline
Architecture
Contract Type:
Permanent
Description
Head of Architecture for a large Microsoft Dynamics 365 Finance & Operations implementation.
Reference
BBBH182205
Expiry Date
01/01/01
Author
Joshua MasseyAuthor
Joshua MasseySalary:
£75,000 - £80,000 per annum + plus benefits
Location:
Birmingham, West Midlands
Industry
Private Equity
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£80,000 - £100,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Marks Sattin are working with a Birmingham based Private Equity backed organisation to recruit a Head of FP&A. This is a hybrid working role.
Reference
BBBH182768
Expiry Date
01/01/01
Author
Anthony MillsAuthor
Anthony MillsSalary:
£500 - £600 per day + Via Umbrella
Location:
London
Industry
Investment Management
Qualification
Fully qualified
Market
Financial Services
Salary
£350 - £450
Job Discipline
Tax
Contract Type:
Contract
Description
We are recruiting for an interim Head of Tax to join a Wealth management business based in London for a 4 month contract.
Reference
BBBH182638
Expiry Date
01/01/01
Author
Deem NaPattaloongAuthor
Deem NaPattaloongSalary:
£45,000 - £50,000 per annum + pro rata paid via NHS bank
Location:
City of London, London
Industry
Technology
Qualification
None specified
Market
Commerce & Industry
Salary
£50,000 - £60,000
Job Discipline
Process Improvement
Contract Type:
Permanent
Description
An arm of the NHS require a Programme Officer to project co-ordinate the support for the PDP mobilisation work.
Reference
BBBH182761
Expiry Date
01/01/01
Author
Joshua MasseyAuthor
Joshua MasseySalary:
£35,000 - £45,000 per annum
Location:
Huddersfield, West Yorkshire
Industry
Business Services
Qualification
None specified
Market
Financial Services
Salary
£40,000 - £50,000
Job Discipline
Tax
Contract Type:
Permanent
Description
.
Reference
BBBH182755
Expiry Date
01/01/01
Author
Aleksandra TaranovskajaAuthor
Aleksandra TaranovskajaSalary:
£70,000 - £80,000 per annum
Location:
Abingdon, Oxfordshire
Industry
Business Services
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£80,000 - £100,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Financial Controller - Abingdon (hybrid) - Salary £70,000 to £80,000
Reference
BBBH182751
Expiry Date
01/01/01
Author
Neil BurtonAuthor
Neil BurtonSalary:
£30,000 - £35,000 per annum + Study Support
Location:
Leeds, West Yorkshire
Industry
Professional Services
Qualification
Part qualified
Market
Commerce & Industry
Salary
£35,000 - £40,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Marks Sattin are delighted are recruiting for an Assistant Accountant position based in North Leeds.
Reference
1784224
Expiry Date
01/01/01
Author
Laura GunbyAuthor
Laura GunbySalary:
£70,000 - £80,000 per annum
Location:
Oxford, Oxfordshire
Industry
Environmental, Social and Corporate Governance
Qualification
None specified
Market
Commerce & Industry
Salary
£80,000 - £100,000
Job Discipline
Compliance
Contract Type:
Permanent
Description
Join a high growth Life Sciences business in this newly created ESG Manager role!
Reference
BBBH182728
Expiry Date
01/01/01
Author
Craig KilminsterAuthor
Craig KilminsterSalary:
£65,000 - £70,000 per annum
Location:
Thatcham, Berkshire
Industry
Consumer & Retail
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£70,000 - £80,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Finance Manager (Qualified) - Thatcham (hybrid) - £65,000 to £70,000
Reference
BBBH182745
Expiry Date
01/01/01
Author
Neil BurtonAuthor
Neil BurtonSalary:
£400 - £500 per day
Location:
London
Industry
Consumer & Retail
Qualification
Fully qualified
Market
Commerce & Industry
Job Discipline
Qualified Finance
Contract Type:
Contract
Description
Interim FC for VC backed business
Reference
SUM187474
Expiry Date
01/01/01
Author
Subhaan MalikAuthor
Subhaan Malik