Increasing banking regulation ignores the lessons of history

The Independent features comments from Mark Littlewood

 

The Independent featured comments from Mark Littlewood on the banking commission's report.

Mark Littlewood, of the Institute of Economic Affairs, accused the Commission of "ignoring the lessons of history. Tighter regulation over the past 25 years has not created a more ethical climate".

The commission's call, for an annual report to Parliament discussing whether regulators are going soft on banks,  follows thoughts that ministers have in the past pushed regulators to go easy on the City.

Read the original article here.

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