Regulatory Shift and Compliance Challenges

This chapter explores the significant changes in financial regulation and the impact on investment firms and stockbrokers, highlighting a move towards a more adversarial compliance culture. It discusses the evolving role of compliance officers and the challenges they face in balancing their responsibilities amidst stringent regulations. The narrative also reflects on how these regulatory pressures may be driving professionals away from the UK financial system, contributing to the decline of London as a financial center.