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CommentFebruary 3

Red tape is strangling UK and EU banks, while the US pulls ahead

The growing regulatory burden is reshaping banking and littering it with unintended risks
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Red tape is strangling UK and EU banks, while the US pulls ahead‘The banking world is festooned with three-letter acronyms that strike fear into bankers’ © FT/Reuters/Envato

The author is a career banker in the City of London

Talk to regulators or most politicians and they will generally express a desire to see more regulation. Well, at least that was the case until recently. 

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