I've kept away from commenting too much about Sir Fred Goodwin's pension furore that has been the major media story in the UK for the past week because: (a) it's old news;(b) it's just a distraction from the real news;(c) if it was my pension, I'd keep it;(d) Fred's got the pension, legally, and he's…
The de Larosière Group published a report on EU financial supervision yesterday. The report covers lots of stuff about liquidity risk, regulation and supervision, including the rejection of any need for a single European regulator (ECB won’t like that one) and the strengthening of the current key authorities: CEBS, CEIOPS and CESR. These will be…
The de Larosière Group published a report on EU financial supervision yesterday. The report covers lots of stuff about liquidity risk, regulation and supervision, including the rejection of any need for a single European regulator (ECB won’t like that one) and the strengthening of the current key authorities: CEBS, CEIOPS and CESR. These will be…
The de Larosière Group published a report on EU financial supervision yesterday. The report covers lots of stuff about liquidity risk, regulation and supervision, including the rejection of any need for a single European regulator (ECB won’t like that one) and the strengthening of the current key authorities: CEBS, CEIOPS and CESR. These will be…
The de Larosière Group published a report on EU financial supervision yesterday. The report covers lots of stuff about liquidity risk, regulation and supervision, including the rejection of any need for a single European regulator (ECB won’t like that one) and the strengthening of the current key authorities: CEBS, CEIOPS and CESR. These will be…
The UK's Financial Services Compensation Scheme (FSCS) was increased over the weekend by law from £35,000 to £50,000. This means that for any banking collapse in the future, savers and depositors get their money back within seven days guaranteed, regardless of their loans and borrowings. This is meant to restore some confidence in the system,…
The UK's Financial Services Compensation Scheme (FSCS) was increased over the weekend by law from £35,000 to £50,000. This means that for any banking collapse in the future, savers and depositors get their money back within seven days guaranteed, regardless of their loans and borrowings. This is meant to restore some confidence in the system,…
Writing in the Observer, Gordon Brown says that, in the future, banking "becomes the servant of our economy and society, never its master." He wants banks to return to the basics, with the keys to basic banking being "a place where people can keep their savings safe and to provide funds for those who want…
Writing in the Observer, Gordon Brown says that, in the future, banking "becomes the servant of our economy and society, never its master." He wants banks to return to the basics, with the keys to basic banking being "a place where people can keep their savings safe and to provide funds for those who want…
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