Tony Posted December 19, 2011 Author Share Posted December 19, 2011 Word in the news this morning, is that Cameron has decided the Vickers Report is going to be implemented 'in full'. It's an interesting turn of events. It's also a pretty smart prescient method of splitting the contingent liabilities over the forthcoming Eurozone banking crisis into more manageable bite sized chunks. Very clever. Link to comment Share on other sites More sharing options...
I1L2T3 Posted December 19, 2011 Share Posted December 19, 2011 It's an interesting turn of events. It's also a pretty smart prescient method of splitting the contingent liabilities over the forthcoming Eurozone banking crisis into more manageable bite sized chunks. Very clever. It is interesting and unexpected and of course to be welcomed. Cameron can now turn round to the EU and say we are wanting to implement increased capital controls and separation of retail and investment banking. This is beyond what any Eurozone banks can do and it demonstrates what can be achieved with some degree fiscal and financial independence. The image projected is one of us getting our house in order while the 17/23/26 flounder. Cameron has played a blinder on many levels. If he called it for the new year he could probably win an election. Link to comment Share on other sites More sharing options...
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