[Major Matt Mason]

Instead, we should trust in the power of the free market to drive innovation and competition in the banking industry.

If only there was a political party that was actually adept at making this point. Sadly, there isn't one.

[Rockingham]

Banking is an old and mature line of business. Just what innovation is intended? As it happens, the great problem with banking is not so much coming up with new things but keeping old lessons in mind to guard against making old mistakes in new ways.