Squaredisk-
“These changes have resulted in a system which sought to eliminate risk-taking. That has gone too far and, in places, it has had unintended consequences, which we must now address.”
That article is so unspecific. Depending on your position, it could be presenting a change in regulation to reduce rentierism in finance, or be incredibly laissez-faire.
Although given the standard definitions of growth and financial stability in Westminster, I suspect this is not good news:
The chancellor set out a series of changes, some of which were proposed by her immediate predecessor, Jeremy Hunt. These include obliging regulators to take into account growth, as well as financial stability; and replacing the current “certification” regime for investment professionals, with a “more proportionate approach”.
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slippers
This is ... um ... an interesting take