New year, new bank resolutions: Regulations of the past and future

In the context of the UK’s departure from the European Union, it is timely to explore the regulatory framework for UK banking.

It would be easy for such an exploration to become a conversation between technocrats focused on the minutiae of regulation. Instead, what is actually required is an exploration of the principles which should guide and underpin the regulatory framework for banks in a democratic society. A conversation of this nature will enable resistance and ease the pressure for the UK to engage in a bank regulatory ‘race to the bottom’.