Bob Diamond argued in the past that banks should abandon their remorseful stance and focus on confidence and risk-taking to foster economic growth. Recently, Kier Starmer's government has adopted a supportive view of the financial sector, viewing it as crucial for revitalizing the faltering economy. Rachel Reeves echoed this sentiment, suggesting that post-crisis regulations have become overly stringent and need to be relaxed. Senior banking executives perceive a significant change in government attitudes, indicating a readiness to move on from the past constraints and embrace calculated risks for future stability.
Bob Diamond expressed that the period of remorse for banks needs to end, emphasizing the importance of confidence and risk-taking for economic growth.
Kier Starmer's government has increasingly embraced the financial sector, recognizing the City as a vital component for accelerating economic growth amidst a challenging economic climate.
Rachel Reeves indicated that the clean-up after the financial crisis has gone too far, arguing for a reduction in regulation to support business.
Senior bankers have noticed a shift in sentiment from the government, perceiving a willingness to move past the era of stringent regulations.
Collection
[
|
...
]