The Quiet Financial Revolution Begins

EPA/JUSTIN LANE

The JPMorgan Chase building in New York, New York, USA. 

The Quiet Financial Revolution Begins


LAGUNA BEACH – Steadily and indisputably, the financial services industry – with which we all interact, whether as borrowers, savers, investors, or regulators – has embarked on a multiyear transformation. This process, slow at first, has been driven by the combined impact of two sets of durable forces.
On one hand, top-down factors – regulatory change, unusual pricing, and what Nouriel Roubini has cleverly termed the “liquidity paradox” – are at work. Then there are disruptive influences that p...


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