The big idea behind the current-account regulation seems to be this: If taxpayer-funded banks can’t hope to recover much from dead companies, they should at least be able to monitor how living ones use their money.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/view-hijacking-bankers-to-catch-swindlers-is-a-terrible-terrible-idea/articleshow/77556768.cms
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