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now that the regulation, the heavy regulation since the financial crisis, has maybe gone a bit too far and tied banks down a bit too much. particularly some of the smaller banks, there has been quite a lot of pushback from challenge banks such as santander and virgin money, who say that some of the rules as applied to them are onerous. it's some of those rules they are talking about relaxing, ring fencing rules, for example, that applied to challenge banks, they will be relaxed enabling them to compete better with high street banks. there has also been lobbying to water down other rules such as the personal responsibility on senior managers. i personally have reservations about that because i think senior managers should be taking personal responsibility for their decisions. i am also disturbed by, perhaps more disturbed by the framing of this, which is about growth and competitiveness and the mooted idea that regulators will be tasked