Basic financial services suitable for 99% of the population should be sold at the post office for a small fee. No brokers or other salesmen are needed. Virtually all income generated by the City is parasitically drained from the customer who is left with ‘financial products’ not fit for purpose. The wage of an average City worker should be about the same as an average postal clerk. There is very little difference in terms of what they do. Will these laws and regulations go into effect? Not a chance.