True. Back in the early 00's when it looked like Frankfurt might compete with London, Gordon Brown introduced 'light touch regulation', and aligned us strongly

True. Back in the early 00's when it looked like Frankfurt might compete with London, Gordon Brown introduced 'light touch regulation', and aligned us strongly with the US which made Frankfurt unattractive to US banks. Of course that fanned the winds of the credit crunch. Let's hope history doesn't repeat itself post-2020, and Rishi Sunak doesn't do anything like that. But who knows?