That will certainly not characterise future regulation. Instead you may expect to see challenging and assertive supervisors  2  BIS Review 157/2009  taking an independent and robust view of the risks of a firm, and insisting on mitigation. They will be backed by a credible threat of enforcement action. In fact the Regulator already seems to have quite extensive powers.
Exercising these can, though, sometimes be less trouble-free than you might suppose. For example, to be appointed a director of a bank, a person must be deemed “fit and proper” by the Regulator.