Despite the insistence of the heads of both the CII and the PFS, it feels as if this new-found friendship is already under strain and more trouble lies ahead
Financial advice A–Z Bambu founder and chief executive Ned Phillips has devised this alphabet of WealthTech, and we love it. But xylophone also starts with an ‘X’, Ned. just saying. A is for API. You don’t know what API stands for? Don’t worry, most people don’t either. B is for Bambu. You know it. C is for Crypto.
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The CII stands condemned for its ‘Christmas coup’ while the PFS is charged with ‘serious and significant governance failures’. Can the two sides somehow reach a peace deal?