Tag Archives: Vickers Commission

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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British Labour MP: Glass-Steagall Worked, Everything Else Doesn’t

Under the headline, “One Law for the Banks and Another for Everyone Else,” Labour MP Michael Meacher wrote in his blog, yesterday: “The banks are getting away with it again, and this time with potentially very serious consequences for the … Continue reading

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MP Tapsell tells Osbourne: Restore Glass-Steagall

BBC reports: Chancellor warned of ‘another banking crisis’ unless Glass-Steagall is restored A Conservative MP and former fund manger has warned the chancellor of a second banking crisis unless the government properly separates high street banks from their investment arms. … Continue reading

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Chaotic “Bank Restructuring” Debate In Europe

Developments just over the past few days provide ample evidence that if one refuses to accept the Glass-Steagall principle as reality, a descent into chaos is pre-programmed. Meanwhile, there are numerous Liikanen variants of “bank separation” under discussion, and with … 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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Paul Volcker: ring-fencing banks is not enough

In an interview to the Daily Telepgraph  Paul Volcker, the former chairman of the Federal Reserve, spoke against ring-fencing of banks, “In my experience ring-fencing is not terribly effective,” said Mr Volcker. “It only works in fair-weather. But doesn’t work … Continue reading

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