Faisal Islam
Bank of England job vacancy points to Vickers
It is the most powerful job ever advertised in Britain. It’s not just that the Bank of England Governor sets monetary policy, interest rates for savers and for borrowers.
Search results for ‘sir john vickers’
25 items found
-
4m
Cutting regulations for bankers set up after 2008 crash is ‘a mistake’, says Sir John Vickers
We spoke to Sir John Vickers, a former Chief Economist at the Bank of England chair of the Independent Commission on Banking which was set up after the 2008 financial crisis to consider reforms that would promote financial stability. We started by asking about a new objective for financial regulators to consider the competitiveness of…
-
Would Sir Mervyn get the same job now? Don’t bank on it
It was a very different world in 2003 when the governor of the Bank of England landed the job. What would happen if he applied today?
-
-
Government accepts Vickers banking reforms
Chancellor George Osborne announces plans to separate high street and investment banking to prevent another crisis – in “the most far-reaching” financial reforms of the modern era.
-
Faisal Islam
Vickers should mark the dismantling of the credit bubble infrastructure. Eventually.
These reforms are momentous, and quite elegant – in theory. The lesson of a decade or two of banking dominance in Britain’s political economy is that they will get their way in watering down the detail of this proposal, particularly in the many years it will take for legislation and enforcement
-
Jon Snow
Banks: one step forward, many more to go
Amid the slurry of excessive bonuses and the exploitation of unsuspecting small and medium-sized businesses, the government has had a dramatic change of heart on banking.
-
Osborne’s electrifying threat to break up banks
George Osborne is threatening to break up banks if they fail to ring-fence risky investment banking activity away from their retail operations.
-
Banks need ‘electrified’ ring-fence, say MPs
The ring-fence between Britain’s high street and investment banks is not effective and needs to be strengthened, say MPs in a highly critical report.
-
Jon Snow
Amid the Barclays scandal: the test of true reform
The reputation of the British Bankers Association has been brought low; the credibility of that agreed interest rate the Libor, has been traduced; the reputations of the mega forces at the top of British banking are on the floor; and confidence in the regulatory forces at the Financial Services Authority (FSA) and the Bank of England are also in question, writes Jon Snow.
-
What the 2012 Queen’s speech is likely to contain
Today’s Queen’s speech will set out the coalition government’s plans for the forthcoming parliament. Channel 4 News looks at some of the measures it is likely to contain.
-
What does Moody’s downgrade mean for the UK?
Channel 4 News Economics Editor Faisal Islam, explains what Moody’s downgrade of 12 UK institutions means for the public and the banks.
-
Falling credit ratings at UK financial firms
Credit agency Moody’s downgrades the rating of 12 UK institutions, including Lloyds and RBS. Meanwhile the sovereign ratings of Italy and Spain slide downwards as the eurozone crisis deepens.
-
UK banks face major overhaul by 2019
Britain’s banks are asked to ring-fence their retail and investment banking arms by 2019, but one analyst tells Channel 4 News that “all stakeholders will be hit by the costs”.
-
Dodgy bankers ‘should be struck off’
The Labour leader, Ed Miliband, says regulators should get tough new powers to bar irresponsible bankers from the profession to avoid another crisis.
-
Reforms to banks will go ahead – Cable
The Business Secretary warns bankers economic turmoil will not derail financial sector reform. Meanwhile, 30,000 struggling homeowners are to be told to cut spending or face losing their home.
