U.K. banks including Barclays Plc, HSBC Holdings Plc and Lloyds Banking Group Plc are having as many as four times more employees interviewed during routine inspections as the nation’s financial regulator’s “light touch” morphs into an iron fist.
The FSA is becoming nastier.
In the United States President Obama questioned the role of speculators relative to bankruptcy talks with automakers. Obama was not to happy with other aspects of U.S. financial markets.
It seems as though regulators in the U.S. and U.K. feel the pressure after public opinion cast them in a bad light for aiding and abetting the financial crisis.
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