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I've worked in it for a long time and read many books plus lived in London for 12 years. The UK was known to be "light touch" that's why all the banks locate t
by branchless 11y ago
I've worked in it for a long time and read many books plus lived in London for 12 years.
The UK was known to be "light touch" that's why all the banks locate there. No criminal prosecutions were brought from 2008. Lots of US banks put their bad deals through London.
You have no clue what you are talking about.
- jamespo 11y agoWhat financial centres have brought prosecutions from 2008?
- branchless 11y agoThe main two by far are the US and the UK. The US didn't bring much but it has pursued banks more when it comes to fining them (I'd agree it's a poor second but better than the UK). The US also let Lehman go under and let their housing market crash. The UK has done all it possibly can to wind the clock back to 2007 so they can set The City running again like it never happened. The UK FSA has come up with nothing and since the crash we've had more state guarantees for the banks than before.