Jeremy Hunt denies relaxing financial regulations 'is reckless'

The video discusses the implementation of crucial financial guardrails post-2008, highlighting the improved financial health of banks. It introduces a new process for resolving financial issues, ensuring banks can compete with global financial centers. Scotland is positioned as a key player in these reforms, which are expected to have a significant impact.

What is the significance of competition with other financial centers?

Why are the reforms expected to make a big difference?