Market modernisation progress 'lumpy': Carnegie-Brown

Progress to modernise the London market has been
"lumpy" to date because the market lacks the
self-confidence to drive through change, Lloyd's chairman Bruce
Carnegie-Brown has said.
In an interview with the Financial Times, the chairman
pointed to previous unsuccessful attempts to push through London
market modernisation, such as electronic trading platform Kinnect,
which was dropped after it failed to garner widespread support.
"Progress is lumpy because self-confidence is not as high
as it ne