FT.com / UK – Bank profits were due to ‘luck, not skill’
Via FT.com / UK – Bank profits were due to ‘luck, not skill’: The superior performance of the financial services sector in the years leading…
Steve Baker
Steve Baker was a co-founder of The Cobden Centre. He was first elected Conservative MP for Wycombe in 2010 and he served on the Treasury Select Committee. He was previously an aerospace and software engineer. Among other things, he worked with major banks and regulators internationally. More: <a href='http://www.stevebaker.info/'>stevebaker.info</a>.
Kaletsky – How the ECB’s fig leaf has completely withered away
Via How the ECB’s fig leaf has completely withered away | Anatole Kaletsky: Economic view – Times Online : Last Wednesday, the European Central Bank…
The Earl of Caithness: “The Banking Bill fails to address the fault which has led to every major banking and currency crisis during the past 200 years”
Via Lords Hansard text for 5 Feb 200905 Feb 2009 (pt 0003): My Lords, the Banking Bill which we are currently discussing in the…
China’s banks are an accident waiting to happen to every one of us – Telegraph
Via China’s banks are an accident waiting to happen to every one of us – Telegraph: China’s banks are veering out of control. The…
British banks highly vulnerable to future shocks, Bank of England warns – Telegraph
Via British banks highly vulnerable to future shocks, Bank of England warns – Telegraph: Britain’s banks remain over-indebted, highly vulnerable and harbour growing funding…
Martin Wolf – Reform of regulation has to start by altering incentives
Via FT.com / Columnists / Martin Wolf – Reform of regulation has to start by altering incentives: At the heart of the financial industry are…
Mervyn King – change to the structure, regulation and culture of our banking system is necessary
Via Speech by MERVYN KING GOVERNOR OF THE BANK OF ENGLAND: We need to reflect more deeply on the nature of the failures before designing a…
A Banking System We Can Trust – Forbes.com
Via A Banking System We Can Trust – Forbes.com: Turn all financial firms into mutual funds. Before throwing more money at Wall Street, let’s…
US Economy: Even Hank Paulson’s bail-out plan cannot detox global banking – Telegraph
Via US Economy: Even Hank Paulson’s bail-out plan cannot detox global banking – Telegraph: Even if Congress backs the Paulson bail-out, the $700 billion blast…