The City doesn't need any more rules - Telegraph: "In any case, it would be possible right now to abandon all prudential regulation of the banking system, and the banks, chastened and profoundly weakened by the events of the past two years, would largely behave themselves. The markets are asserting their own disciplines, regardless of what regulators and politicians want."
Regulation is bust, no 30s style controls have worked, nor are they going to. Let markets work as they should, the survival of the fittest is the rule of nature and financial markets are no different to any other trading platform.
No comments:
Post a Comment