UK Regulators Turn In Light Touch For Strong Arm

Law360, New York (March 6, 2009, 12:00 AM EST) -- For years, whenever increased regulation was broached as a possibility in the United States, financial institutions have threatened to move their operations to the United Kingdom. But the collapse of HBOS – the holding company of the Bank of Scotland and Britain's largest mortgage lender – the Icelandic banking system and Lehman Brothers Holdings has caused British authorities to rethink their approach to enforcement.

It is clear that increased financial regulation is coming to the U.K. But how far British authorities will go in that direction...
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