Tag Archives: ring-fencing

Liam Halligan: There Is an Overwhelming, Pressing Need for Glass-Steagall

Liam Halligan Halligan published a strong article in favor of Glass-Steagall in the Telegraph Saturday, under the headline “Only full separation will make our big banks safe.” Halligan has frequently called for Glass-Steagall in the past, and reflects one current … Continue reading

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Halligan: Glass-Steagall Debate Re-Opened in Britain

Fears about the impact of QE and the awful state of the banks could be “likely to reopen the U.K.’s debate about the need to impose a Glass-Steagall split between retail-commercial banks, where firms and households store their deposits, and … Continue reading

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Bank of England Head Carney Hangs Out His Shingle: Financial Cancer Welcome Here

The new head of the Bank of England, Mark Carney, who took office in August of this year, intends to make the City of London even more friendly than it is now to cancerous financial speculation, if you can imagine … Continue reading

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The Bankers Are Not Happy With Osborne’s Announcement

The announcement by Britain’s Chancellor of the Exchequer George Osborne that the government will “electrify” the ring-fence between retail and investment banking in the Banking Reform bill, did not please the bankers. The Daily Telegraph cites one unnamed analyst from … Continue reading

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Osborne Says Govt. Legislation Will Electrify The ‘Ring Fence’

Self preservation is a great enabler, it can empower a person or a nation to feats they would otherwise not countenance during run of the mill business.  Take this recent statement by George Osborne as a case in point.  As … Continue reading

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Private Bankers Don’t Fear Volcker, Vickers, or Liikanen

During a panel discussion at the Frankfurt House of Finance today, Michael Kemmer, vice-chairman of the German Banking Association, continued propagating the alleged benefits of the “universal banking model” and protesting against any bank separation. But he made clear at … Continue reading

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Liam Halligan: Glass-Steagall ‘Seems Quickly to be Building a Head of Steam’

  14Jan.2013 (LPAC) Liam Halligan, chief economist of Prosperity Capital Management in London, has again taken to the pages of Britain’s Daily Telegraph to demand Glass-Steagall. In his column entitled, “At Last, Question Time for the Money Printers,” Halligan writes: … Continue reading

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