Over Regulation Is a Crazy Idea: Pro

Wednesday, 18 Jul 2012 | 4:30 AM ET

"Over regulation, over comforting that is given to all sorts of people, banks are not allowed to do this, banks are not allowed to do that, this over regulating is a crazy idea, you need a working banking system that is how capitalism and the western world works," Anthony Gibbs, senior Gilts broker at Vantage Capital Markets, told CNBC.