ABSTRACT
The financial services sector enjoys a particularly unchallenged relationship with government regulation, as actions taken, ostensibly, in the macroeconomic interests of the country (for example, cutting public spending or underwriting the losses of banks and insurance firms) fall outside of the government’s obligation to protect and promote human rights. This is not an attitude limited to the UK and the US, but appears to be endorsed on a European-wide basis too (see above in the case of Grainger). As the fortunes of the UK economy are so intrinsically linked to the health of the financial services sector policies which promote a more lenient economic climate frequently have a beneficial impact on financial services firms (as demonstrated in the deregulation of financial services after 1986).117
