Financial Services Bill

I am going to come on to explain my analysis. I am not sure I fully understood the question, but I might as time passes. At its heart, the regulatory failure of the global financial crisis was not a failure of one approach to the institutions of regulation, but a failure of understanding and risk assessment which covered central bankers, regulators and Treasuries throughout the world. That line is not in the Conservative party Whips' briefing, but it is absolutely true none the less.