Post on 05-Feb-2016
description
With
Market Reform Office
Personal musings on market reform
Barnabas Hurst-BannisterTravelers Syndicate Management Ltd
Mark
et
Refo
rm 2
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9Market Reform
Office
Some myths…
Mark
et
Refo
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9Market Reform
Office“There is no cross-market agreement on what needs to be done.”
Mark
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9Market Reform
Office
“The London market is incapable of change.”
Mark
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9Market Reform
Office“Brokers will not reduce commission levels.”
Mark
et
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9Market Reform
Office“It is impossible to rationalise or simplify the structure of governance.”
Mark
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9Market Reform
Office“We all need a break from this reform stuff.”
Mark
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9Market Reform
Office“Service provider choice is neither desirable nor inevitable.”
Mark
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9Market Reform
Office“You can escape from a market committee.”
Mark
et
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9Market Reform
Office• All of which should give us the confidence to ask some
serious questions…