Back to Archive![12 highlights from 2022]()
Regulation of banks is not a solution – it ignores the larger issues at play
“Greater regulation of banks does not offer any meaningful solution.
![12 highlights from 2022](https://www.datocms-assets.com/132494/1717626774-positive-money-old-blogs-stock-cover.png?auto=format&w=1200)
“Greater regulation of banks does not offer any meaningful solution. Regulation ignores the larger issues at play. As we’ve seen in the limited scope of reforms since the crisis, what happens is that you get thousands of pages of complex regulation. But the bank lobby has huge resources, millions of pounds, to spend on lawyers to water down these changes. And there’s nobody fighting that battle on the side of society”, argues Fran Boait, Positive Money’s Executive Director in the interview in Cherwell, 8th November 2014
“If we keep going down the regulation route, change is going to be incredibly slow. If we want to tackle the big issues like climate change, we don’t really have time to go down that road.”