&gt;Oh come on. Did the regulation in the financial system protect &quot;the customer&quot;<p>Yes it did. Nobody lost money in their savings or current accounts in commercial banks  (Except Iceland)<p>What happened in the stock market was different but the core of the FSA&#x2F;FCA is about protecting customer&#x27;s money which they did. (See how they were able to ensure none of Northern Rock&#x27;s customers lost money in the UK).