To run regressions, we punched cards and dashed to the UP Computer Center. We had to come back later for the results print-out which were in outsize continuous forms at least an inch thick. Yes, change is inevitable.
The quest for yields by investors and for financial resources by small and medium-sized firms is leading to a wider range of investment instruments that also target non-professional investors, who need to be made fully aware of the higher risks they carry, including their cost structures. The rules in force today identify different responsibilities for the various supervisory authorities.