I'm not sure the City of London can be made to look like saints of financial regulation, given their previous problems with PPI mis-selling, and the disintegrat

I'm not sure the City of London can be made to look like saints of financial regulation, given their previous problems with PPI mis-selling, and the disintegration of a number of supposedly "safe, well capitalized" banks in the 2007/8 crash. Whilst you'd hope that lessons were learned, I'm not sure they were.