Today’s white paper ensures we will not go back to the days of light-touch regulation

It was August 2007 when the edifice of the financial services model began to crumble. The term sub-prime loans entered the lexicon, swiftly followed by special purpose vehicles, collateralised debt obligations and the Libor rate. Today’s white paper, unveiled by Alistair Darling ensures we will not go back to the days of light-touch regulation, however much the bankers might like to return to business as usual.

Progress Online, 8th July 2009, read more...