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Published on Nov 18, 2014
"The truth is that you can't actually uncouple finance from the real economy...[finance] is the heart of the real economy."
Steve Grob, director of group strategy of Fidessa, does a bit of role-playing as a "defense attorney" for the financial industry. Grob discusses the importance of the financial industry and its relationship with the global economy, as well as how regulatory matters will affect the future of finance. He brings up the concept of "belief systems" that society has learned to accept as true without thinking about the entire process. For example, when we flick a light switch on, we immediately expect a light to turn on, and we're not always thinking about the process of how the light is created. The same thought process applies in the financial industry, in the sense that if regulators condone a topic such as HFT, then the general public agrees and sees it in a negative light.