Europe: Carry on Britain

Author: | Published: 11 Jul 2016

Throughout the run-up to the UK's historic referendum on membership of the European Union, the Leave campaign had a few catchphrases. While 'take back control' had a special ring to it, another popular one was all about EU red tape. Personal feelings as to whether one was in or out aside, calls for a rule reassessment must have been music to many bankers' ears. Red tape has been their nemesis since long before the crisis, though the pace has certainly quickened significantly in the years since.

Because all of the biggest, most onerous pieces – and here there's a special shout out to the City's most humiliating regulatory defeat in...