Sebastian Grigg advised the Treasury on the recapitalisations of Royal Bank of Scotland and Lloyds Banking Group in 2008, and is a member of the House of Lords Industry and Regulators Committee

It is 15 years since the Banking Act 2009 passed into law. This response to the then ongoing financial crisis established much of the regulatory framework we know today, including greater supervision of financial services firms, changes to capital requirements and stronger resolution powers for the regulators.