Category Archives: Banking Reform

Will the European Stability Mechanism create stability or yet more instability?

As you can now see from its front page Mindful Money has hit difficulties and I am not sure how long it will continue. As I have plenty to say and have plenty of plans for the future I wish … Read More

Posted in Banking Reform, Banks, General Economics, Greek Financial Crisis, Interest rates, Quantitative Easing and Extraordinary Monetary Measures | 28 Comments

The case against growth at any price

The pursuit of growth is the prevailing mood music of our time. Whilst the political parties are divided on how best to achieve this, they are at least united in their dogged conviction that our sluggish economy can only pick … Read More

Posted in Banking Reform, Economy | 1 Comment

What is happening in the UK housing market? Why will our politicians not stop meddling with it?

Even before the credit crunch hit the UK the state of the housing market was supposed to be a regular dinner party subject of conversation. Of course then it was of the “mines risen faster than yours” variety which the … Read More

Posted in Banking Reform, Banks, General Economics, House Prices, Interest rates, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | 20 Comments

Mervyn King “live” makes central bankers look ever more like politicians

Yesterday evening the Governor of the Bank of England was interviewed live on Channel Four News television in the UK. Although some routes to following it were more live than others as the online route via my laptop was several … Read More

Posted in Banking Reform, General Economics, Quantitative Easing and Extraordinary Monetary Measures, Stagflation, UK Inflation Prospects and Issues | 13 Comments

What is the debt situation in the UK? When will we (finally) deal with it?

At a time of financial crisis we see that suddenly many who had no concern about debt at all get worried about it. This is an irony in itself as of course concern about debt might well of stopped the … Read More

Posted in Banking Reform, GDP, General Economics, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | 26 Comments

What is really happening in the UK economy? What do today’s employment numbers tell us?

The UK economy is something of an enigma at the moment as diferent measures of it appear to be giving us different signals. By the conventional route of just looking at Gross Domestic Product numbers she is firmly in recession … Read More

Posted in Banking Reform, GDP, General Economics, Quantitative Easing and Extraordinary Monetary Measures, Stagflation, UK Inflation Prospects and Issues | 13 Comments

Deconstructing bankers’ complaints

With Standard Chartered, one of the few major banking names to emerge with its reputation unscathed from the 2008 crash and the LIBOR debacle, now looking as besmirched as the rest, this is not a good moment for bankers to … Read More

Posted in Banking Reform, Barclays Scandal, Regulation, Trust | Leave a comment

Unless bankers face consequences of their actions, the Augean stables will not be cleaned out

Out-of-court settlements, such as the one involving Standard Chartered announced yesterday, do little to alter bankers’ behavior or to put the global financial system on sounder footing — and may even promote financial crime. On Tuesday, Benjamin Lawsky, superintendent of … Read More

Posted in Banking Reform, Regulation, Share Price, Trust | Leave a comment

The dangers of over regulation in the insurance sector are mounting

With the LIBOR rigging scandal still very fresh in everyone’s mind now is not a good time for anyone to point out that there is a real and growing danger in the current massive political appetite for re-regulation of all … Read More

Posted in Banking Reform, Barclays Scandal, Financial crisis, Regulation | Leave a comment

The dance of the behemoth banks

Watch out A significant number of the wizards who put together the giant banks now “too big to fail” are having second thoughts.  “Sandy” Weill, the key player in setting up Citigroup, for example, recently proposed on CNBC, “we should … Read More

Posted in Banking Reform, Financial crisis | Leave a comment
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