It has spent four years resisting structural overhauls such as the U.S. Dodd Frank Act and the U.K. Vickers reforms, which tried to limit the bets they could make with taxpayer-insured deposits.
The new law exempts employee contributions from the 25% of earnings limit applied to employer contributions, making a 401(k) ideal for a self-employed person who doesn't earn a lot, but can save a lot.