The survey also asked about the executives’ views on investor confidence.Duff & Phelps noted that just over half of respondents (51%) said financial regulation had done little to improve investor confidence. However, 42% believe regulations have helped cement investor confidence, and just 6% said new rules had reduced investor confidence.Julian Korek, global head of compliance and regulatory consulting at Duff & Phelps, said the findings are not very different to previous years’ but that they “added import in light of recent political upsets in the US and, perhaps, the UK”.“More needs to be done to build stability in financial services and ensure the system is resilient in future, for both banks and the alternative investment industry,” he said.“The major regulatory bodies have been very clear about future areas of focus and concern, but the fact that so many still think there is potential for another crash is worrying – even without Trump or Brexit potentially taking the market down a quite different regulatory path.”Nearly a quarter (23%) of the respondents said regulators had created effective global regulatory frameworks, and 57% said regulators were getting better at collaborating and coordinating across borders.The survey was carried out for the fifth edition of an annual global regulatory outlook that Duff & Phelps has published since 2012. Financial regulation has done little or nothing to make financial markets more stable, and may have made the situation worse, according to just over half of senior financial services professionals surveyed by corporate finance adviser Duff & Phelps.It polled 183 senior financial services executives at investment banks and asset managers in Asia, Europe, and the US.Just over a third (35%) believe recent financial regulation had little or no impact on financial stability, with a further 17% believing regulation has made “the financial services world” less stable. This compares with 43% who say it has increased stability.Only 10% said they believe changes to regulation have fully addressed the risk of a future crash, although 55% indicated they thought this risk had been party addressed. A third did not believe the regulatory framework has adequately created safeguards to prevent a future crisis.
Aston Villa boss Paul Lambert insists his players cannot use youth and inexperience as an excuse any more. Lambert’s two years in the job have seen him place great faith in players who are relatively young, lacking in Barclays Premier League experience or both. With Villa having ended each of the last two seasons in 15th place, the Scot is in no doubt an improvement is needed in 2014-15 and over the summer he has notably brought in signings with plenty of action in the division under their belts in Joe Cole, Philippe Senderos and Kieran Richardson. It also appears that seasoned English top-flight campaigners already on Villa’s books but previously out of the first-team picture, such as Alan Hutton, Darren Bent and the fit-again Charles N’Zogbia, will be getting a look in this term. And at his pre-match press conference ahead of the club’s Premier League opener at Stoke on Saturday, Lambert said about the rest of the squad: “They are not young any more. They have had two years of it. “You can’t keep going with that excuse. You stand up and take it now. You can only get away with that for so long. “(Eighteen-year-old midfielder) Jack Grealish is young. But the rest – they are men now.” Villa started last season in impressive style with a 3-1 win at Arsenal, and Lambert would gladly take a repeat outcome this time around. But he is also mindful that a good opening result is of little consequence if it is not built upon, given Villa lost their next three league games after the victory at the Emirates Stadium, and seven of their last nine at the campaign’s conclusion. “The last six or seven weeks of the season were ridiculous,” Lambert said. “I don’t want to go through that again. “We had a hard start, but we only picked up three points. You need to try to get as many points as you can from the beginning.” It has been a summer of uncertainty in many ways for Villa, particularly with the club still owned at this point by Randy Lerner despite his announcement in May that he was intending to sell. Nonetheless, Lambert is adamant the midlands outfit are “really healthy”. “This is a fantastic club, and the state of the club is what it is,” the manager said when asked about the situation with Lerner. “The club is a really healthy place. “The main thing for me is to get the team going and improving a lot on what we did last year. “As I have said before, the last two years have not been good enough. We have to aim a lot higher than that. As a group, everybody, we have to do better.” Press Association
Elvir Baljić will lead Turkish second league team Kardemir Karabukspor for the next two years.Yesterday at the club in Karabuk, Baljić signed a contract for a period of one year, with a possibility to extend it for the same period.“I’m very happy for coming to Karabuk. I’m here to succeed, and I hope that we will succeed together. I’m hoping that we will bring the team on the place that it deserves, but we have to put a lot of effort in it. Our goal is clear, and it is the placement in the Super League of Turkey and I think that we will succeed and delight the management and the fans,” said Baljić after signing the contract with Kardemir Karabukspor.Former B&H international player spent major part of his playing career in Turkey, and played, among others, for the Istanbul giants Fenerbahce and Glatasaray. He was wearing jerseys of Real Madrid, Sarajevo, Zeljeznicar etc.Baljić was the assistant of Head coach Safet Susic in the coaching staff of the National team of B&H and one of the meritorious for the only placement of the Dragons on the major tournament – the World Cup that was held last year in Brazil.(Source: klix.ba)