UK Banks need help not revenge
As governments, regulators and heavyweights from the business arena continue to gang up against UK banks there is a feeling that revenge is on the cards and the banks will be the ones to suffer. However, while even the most loyal of bankers in the UK would agree that changes need to be made to the UK banking sector, we need to see remedies for the UK banking sector not revenge.
While the authorities continue to grab headlines regarding various regulatory issues, seen as taking away some of the power that the financial sector has gained over the years, surely a more structured approach involving the banking sector would work best. Even though the politicians and the regulators seem to have the upper hand at the moment there is no doubt that the massive financial conglomerates trading in London and their employees will not sit back and see their businesses ripped apart.
Let's not forget that these businesses have the ultimate ace hand over the UK government, in their ability to literally pack up and leave the UK. The government know this could happen, the regulators know this could happen and ultimately there will need to be a compromise reached in due course. However at this moment in time the government and the regulators are more than happy to grab the headlines before a significant backtrack to ensure the sector continues "as normal".
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