He is Professor of Finance and Economics at Durham University Business School.
“These things happen, but they happen a lot to UK financial regulators, and Governor Bailey himself has presided over a good number of regulatory fiascos. In short, the crisis confirms that UK financial regulation is not fit for purpose.” ~ Kevin Dowd
“The 510,000 figure, which turned the world on its head, was a fantasy number churned out by absurd modeling of a zero-probability event. Cummings does not see that the reason why the SARS-CoV-2 outbreak escalated into the public policy catastrophe that it became was the fundamentally flawed Imperial College modeling on which the government based…
As the UK economy enters the COVID-19 downturn, the Bank of England (BoE) continues to maintain that the UK banks are strongly capitalised. The BoE’s claims are not to be believed.
Government advice is just that, good or bad and I grant that it is mostly sensible. But it is not for the police to misinterpret the law as they see fit or to enforce government advice.