idea that “bureaucracy stifles businesses” at the expense of innovation and growth, and has sent the country down a pathway of deregulation and regulatory reforms (Gov.uk 2015). However, this has not been the experience of the banking industry. This essay will look at: reasons why regulation exists, its causes, and regulations during the financial crisis and the regulations since the financial crisis.
Why Regulation Exists
To begin with, this part of the report will look at some of the underlying reasons…
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