Comments on: UK banking needs more than hard self-regulation

By: Snowblog - I must get some cash out from one of our socialist banks

Snowblog - I must get some cash out from one of our socialist banks — Tue, 03 Nov 2009 11:10:45 +0000

[...] Lord Myners, the City minister, tells us in a BBC interview on File on 4 that a staggering 70 per cent of all share dealing is currently undertaken by these massive computer dealing systems that enable a trader to hold a trade for a nanosecond before selling. [...]

By: Yusuf Sidat

Yusuf Sidat — Sat, 11 Jul 2009 17:58:48 +0000

Will the Banks have another crises? YES.
Everytime you go into a bank they try to give you credit. These people behind the counter must be on commision. No lessons have been learnt, hope the Government doesnt rescue them again.
The banking culture is the same now as it was before.

By: Adil Hasan

Adil Hasan — Thu, 09 Jul 2009 18:43:29 +0000

Surely we have already had investment banking separate from high-street banking in the past? But, surely that’s not the underlying problem as one can still cause chaos to an economy by irresponsible investment.

The fundamental problems appear to be the reward for short-term gains without regard to the long-term implications.

Surely investment banks should be concerned with investment which surely means holding onto investments for the long-term rather than selling short to make a quick profit.

Surely investment banks should be measured not on the amount of money they have made, but on how well their investments are doing?

Such an approach would hopefully mean the demise of the despised hedge funds and these dangerous private equity funds.

By: Kes

Kes — Wed, 08 Jul 2009 13:53:06 +0000

The ignorant and damaging assault on credit default swaps (CDS) by the Europeans illustrates the problem. CDS are an essential instrument in the management of credit exposure and are the only means to offset credit risk. Limiting their use and liquidity would be truly moronic. That is one market that needs to be strengthened by the rapid creation of a clearing house (an independent central exchange that monitors participants’ risks far more efficiently than any regulator) rather than impeded.

The problem lies with the idiotic Brown regulation model. Give it all to a single authority, such as the Bank of England and separate commercial and retail banking from investment banking as used to be the case.

Also, insist that all bank leaders are fully liable partners rather than highly paid employees with no downside liability.

By: Anthony Martin

Anthony Martin — Wed, 08 Jul 2009 13:35:59 +0000

The FSA is as corrupt as the rest of the financial system. There’ll be no implementation of any new rules, and even if there were, they’d be watered down.
The connections between all these people with regulating the financial system is a joke.
Britain has become the epitome of corruption, greed, sleeze, spin & down right arrogance because of these people.
The spectre of public sector employees paying the price for this bunch of theives beggars belief.
The enemies of British people during the second world war has been gradually replaced over the last 20 years, and is now the british government & corporate fat-cats.