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Rachel Reeves thinks regulation of risk in financial services, put in place (or increased) in response to the 2008 financial crisis is stifling growth & needs to be relaxed.

So, of course we're now into the de-regualtion cycle, which will see bankers getting their wish to take greater risks... before accelerating into a crisis, expecting taxpayers to bail them out.

We've been down this road before!

If you wanted proof Reeves is in The City's pocket, this would be it.

#banking #risk
h/t FT

JimmyB (he/him) hat dies geteilt

JimmyB (he/him)
Tell me again someone how the #Labour government is any difference from the #Tories ?

I work in financial services' regulation, and I know, 100% for certain, that it is lax and massively unenforced right now. British banks are carrying huge unhedged risks in their balance sheets, the loan-to-values on the mortgage books (which dictate capital requirements that protect depositors) are an absolute joke.

Who needs 2 Tory parties???
#tories #labour
Axel Foley
will be interesting to hear what Starmer and Reeves have to say in response to the BofE head honchos comments regarding Brexit.

Mansion House Speech.
Emeritus Prof Christopher May
The FT (presumably well-sourced) is saying that Reeves will be arguing for a rapprochement with Europe/EU, backing Bailey & being explicit about the damage wrought by Brexit.... whether that will then be redacted into actual policy is another matter
Axel Foley
It's the Emperor's Clothes, they all know that, realistically, there's no prosperous future for the UK outside the EU but they'll carry on, denying it.
Dial M for Madeye 🏴󠁧󠁢󠁳󠁣󠁴󠁿 🇮🇪
Even within the EU the UK failed to live up to expectations. It's a busted flush thanks to the #SingleTransferableParty.

Denis Buckley hat dies geteilt

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