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Is there a Regulatory Crisis in the UK?

Wednesday, 4 Jul 2012 | 1:00 AM ET

"What worries me about the way that this has been approached is that there have been elements of the mob behind this and political opportunism behind this and that worries me because we saw nothing whatsoever from any of these politicians six or seven years ago," Simon Derrick, chief currency strategist at BNY Mellon, told CNBC.