Yes
History shows us that superior products such as Betamax and Blu-ray often lose out to their competitors. This lesson has been crucial for those navigating the reform journey of the UK capital markets in the past few years. Because, as we’ve said from the start, a theoretically perfect market is pointless if noone uses it.
The relevance of the point is clear today. The FCA has acted with courage and vision in the past few years in its reform of the listing regime and we are now in the final stages.