PAM WALKDEN

Canary Wharf shrouded by cloud post-crash was, to all intents, was Ground Zero for banks. Never again would it be the same for the sector’s capacity to self-regulate and operate with impunity. But now there is a growing voice of concern that the level of control and red tape is seriously curtailing risk, which in turn is threatening the competitiveness of the UK economy, just at a time when what is needed is courage and confidence.

Canary Wharf shrouded by cloud post-crash was, to all intents, was Ground Zero for banks. Never again would it be the same for the sector’s capacity to self-regulate and operate with impunity. But now there is a growing voice of concern that the level of control and red tape is seriously curtailing risk, which in turn is threatening the competitiveness of the UK economy, just at a time when what is needed is courage and confidence.

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6 June 2025

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