Reform fatigue sets in as UK begins regs scrutiny

The scale of the change that the UK’s Banking Reform Bill will force upon the country’s lenders was highlighted this week as US economist Paul Volcker questioned the sustainability of ring-fencing and the UK government clashed with the European Commission over bail-in regulation, leading senior industry figures such as HSBC’s Douglas Flint to complain of a regulatory overload, writes Will Caiger-Smith.