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Regulation

Building Societies hate our compensation scheme

I blogged recently about the Financial Services Compensation Scheme (FSCS) being a method of robbing the prudent to protect the irrational.  The blog was motivated by discussions with our Building Societies (thrifts) who are comlaining that this is a tax levied upon building societies, who own many of the major …

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Building Societies hate our compensation scheme

I blogged recently about the Financial Services Compensation Scheme (FSCS) being a method of robbing the prudent to protect the irrational.  The blog was motivated by discussions with our Building Societies (thrifts) who are comlaining that this is a tax levied upon building societies, who own many of the major …

Read More »

Sir Fred and that pension

Fred page 1

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 …

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Sir Fred and that pension

Fred page 1

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 …

Read More »

Sir Fred and that pension

Fred page 1

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 …

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What should the government do?

I was pleased to be invited to submit some articles to the Parliamentary Brief over the past few months.  At the very least I hope that it gives us some conduit into the corridors of Whitehall. The trouble is that it's hard to write something.  After all it is far …

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The new EU regulator and liquidity risk

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 …

Read More »

The new EU regulator and liquidity risk

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 …

Read More »

The new EU regulator and liquidity risk

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 …

Read More »

The new EU regulator and liquidity risk

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 …

Read More »

Robbing the prudent to protect the irrational

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 …

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