are you happy with "carry on as usual" without regulate the banking system?

Yes, I understand the 2008 crisis, and therefore I understand that the part played by the banks (especially in this country) was actually not as major as many people think. Individual debt and national debt played just as much of a part (if not more) as the actions of the banks.

The problem with regulation is that there is a very fine line to tread. Yes, customers should be protected, but at the same time people are not stupid, and know what happens to their money when they invest/save with or borrow from a bank. Financial services is one of the very few markets in which we can compete globally, and increased regulation will only discourage banks from operating here. Already, a number of banks have begun to move part of their operations abroad, and this will only increase if too much regulation is pushed through. If they do move abroad, not only does that mean a huge loss of jobs, but also a loss of billions of pounds worth of tax revenue. People who insist we need masses of regulation and to bash the bankers are just not living in the real world, and the real economy.

Remember, the banks have done a lot of good in the last decade or so - directly and indirectly employing millions of people and contributing billions to the economy. The economic crash was caused just as much by the greed of ordinary people as it was by the greed of bankers.

What happend in the 2008 economic crisis.. was the government forced banks to give loans to people that weren't likely to repay. And when they didn't repay their loans.. banks started to collapse.

The banks did a lot of questionable things which made them vulnerable.. but they were NOT the cause.