Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.
Regulators in Europe, the United Kingdom and the United States all agree on the need to protect their lenders from the casino-like antics of investment bankers. That’s no great surprise: who wouldn’t want to shield regular customers from the billions of pounds of losses caused by rogue traders like Kweku Adoboli of UBS? But beyond this shared objective, there’s little agreement.