The UK’s new Banking Act, which will allow authorities to intervene and rescue troubled financial institutions and safeguard investors, is now in force.The act, which came into effect on Saturday 21 February, means the Tripartite authorities (the Bank of England, Financial Services Authority and Treasury) will provide greater protection for investors as they can receive [...]

More: UK’s New Banking Act now in place

Most probably it will result in moral hazard problems and even more capital moved to offshore banking centers.