Banks must adapt to new aggressive regulatory regime in UK
Reforms of the UK financial regulatory system are supposed to have created a newly aggressive and active oversight function – but have they succeeded, and what will be the first targets of the new regime?
Law enforcement agencies are targeting individuals and companies involved in financial crime more aggressively than ever before. This is particularly true in the UK, where legal changes have been accompanied by a full shakeup of the regulatory and law enforcement structure.
"The tide has changed towards a more aggressive approach to corporates," says Barry Vitou, a partner at Pinsent Masons, a UK law firm. "Law enforcers are prepared to take on the corporation. Are corporates becoming more
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