Good article on regulation from John Kay in this mornings FT, arguing for an approach where banks are not subject to invasive regulation/investigation of their business strategy but are rather made to face the full risks of their own decisions – whilst at the same time ensuring that depositors and the payments are protected by the government. Could not agree more in my view, shareholders are there to face both upside and downside risk and retail investors should be protected from that which they are ignorant of:

http://www.ft.com/cms/s/0/f03d6aa8-fad6-11dc-aa46-000077b07658.html