The Masked Tulip Posted October 25, 2010 Share Posted October 25, 2010 http://www.bbc.co.uk/blogs/newsnight/paulmason/ Mervyn King, the governor of the Bank of England, has tonight made a big intervention into the debate on banking reform. In a speech at Buttonwood, New York, he describes the Basel III bank regulations as inadequate and proposes a much more radical structural breakup of the banks: "This crisis has already left a legacy of debt to the next generation. We must not leave them the legacy of a fragile banking system too." The full article, above link, is worth a read. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 25, 2010 Share Posted October 25, 2010 http://www.bbc.co.uk...ight/paulmason/ The full article, above link, is worth a read. so a rate rise is in order then, to properly reward savers and price risk? no, I thought not. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.