Mark Morris, the finance director of Rolls-Royce pulled no punches last week in a speech he gave to the UK banking lobbying group--the British Bankers' Association. He told the assembled bankers and their regulators that moves to de-risk the banking system were exerting a very negative effect on companies working in the real economy. In particular, the regulations have slashed the availability of credit for companies’ suppliers and have reduced the availability of hedging options through the clamp down on over-the-counter (OTC) derivatives.