Tag Archives: banking reform

Does Britain need the City?

The British governing class has reacted furiously to the European Parliament’s attempt to limit bankers’ bonuses. Once again their central argument is that it is a threat the wholesale financial services businesses that are  based in the City of London, … Continue reading

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Behind the theatrics on Barclays, what needs to be done?

Predictably enough the Barclays Libor scandal is generating rampant theatrics amongst both journalists and politicians.  It is not easy to keep grip on what actually matters.  And yet this is vital when it comes to deciding what the next steps … Continue reading

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Barclays scandal: culture isn’t the problem, it’s the money

City traders live in a world of their own.  After the news of Barclays Bank’s fine for falsifying LIBOR returns, its share price rose slightly.  The scandal had been rumbling on for months, and they were relieved that it had … Continue reading

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Occupy: a difficult bandwagon to ride

There was a strained moment at last night’s dinner at the National Liberal Club for the London Liberal Democrats, when the party was challenged by a member over the Occupy protests at the City of London.  Both the guest speaker, … Continue reading

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Taming the banks: two views from the FT

Oh the shame of the FT’s paywall!  Yesterday  the paper presented a wonderful view of the debate on the UK banking reforms proposed by the Vickers Commission with two opinion pieces under the title Taming the banks, long overdue or … Continue reading

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British banks shoot themselves in the foot.

Oh dear!  The Vickers review on banking reform hasn’t been published yet, and the news is full of people taking positions and what it might or might not recommend.  I have a lot of sympathy with our Prime Minister, who … Continue reading

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Vickers Commission: so far, so good

I have deliberately paused before commenting on the interim report of the Vickers Commission on UK banking reform.  I wanted to read more about it; it didn’t help that the post office delivered my Economist several days late.  Unfortunately I … Continue reading

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Get ready for a big fight over bank reform

The recent shenanigans over the government deal with the banks (project Merlin) now make more sense, following Anthony Hilton’s revelation in the Evening Standard (reported here in Lib Dem Voice).  The deal was weak on the banks because the banks … Continue reading

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