Quietly, with no fanfare and no headlines, the banks are steadily chipping away at the measures, meagre and delayed as they already are, designed to prevent another global financial crash. First, the capital adequacy ratios – the financial reserves that have be held to prevent or absorb any run on the bank that might develop […]
Posts Tagged ‘Finance’
Bank regulation to prevent another crash recedes into the distance
Feb 1st, 2013 by Michael Meacher.
Key to challenging power of banks is regaining control of money supply
Jul 10th, 2012 by Michael Meacher.The discovery by the Bureau of Investigative Journalism that the financial services industry spent £92m last year lobbying politicians and regulators shows how deeply entrenched the banks have become in the UK power structure contrary to the public interest. The documents show that that lobbying firepower was used to slash UK Corporation Tax (Osborne caving in to […]
