Hell hath no fury: banks irk regulators at their peril
The UK and the US adopt more interventionist approach to day-to-day financial regulation, punishing obstinacy and rewarding obedience
If there is one thing that's got easier for banks since the financial crisis, it's this: incurring regulators' wrath. Forgot to mention a big new hire? Your life will be made more difficult. Prefer not to sign anything unless required by law? You will be punished. And if one of your star traders has done something debatable, accepting supervisors' point of view as early as possible may be the
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