Return to: Home | What next for UK Banking?

What Next For UK Banking?

UK banking

On Monday, 14 December, the New Statesman brought together representatives of the three main political parties for a timely discussion about the future of UK banking.

Chaired by Alex Brummer, the Question Time-type event enabled an audience representing key stakeholders to explore the challenges created by the Banking crisis and debate how government might bring about a more sustainable banking sector. Indeed, can policy measures instigate reform without impeding economic growth and the competitiveness of the UK?

The discussion touched on a wide range of themes reflecting the concerns and interests of the audience. The purpose of the event was to assess the importance of a dynamic banking sector and its merits as a major contributor to the UK's status as a world-class, balanced and growing economy and one which competes successfully on a global level. The discussion should not stop there - the New Statesman invites the panellists, participants and its readers to ask questions and continue the debate here.

The New Statesman is grateful for the enthusiasm and support of Barclays, without which this event would not be possible.

Read more about the expert panel, chaired by Alex Brummer.

Download the full PDF version here


Questions for the panel

Question 7 - Reforming the banking system in the UK

How will these plans come together, who is going to implement them, and when is all this likely to happen?

Question 6 - A balanced approach to risk and reward

Have we missed the opportunity to regulate the banking sector?

Question 5 - A more sound financial system

What would the panel do to ensure we have a more inclusive, well governed, accountable, and efficient financial system?

Question 4 - Further public sector investment

If banks need capital in order to lend more, would it be wrong to simply force them to accept a further public sector investment?

Question 3 - Transfering supervisory functions from the FSA to the Bank of England

Is the panel in favour of the Conservative party's proposal?

Question 2 - The UK government has had a reluctant approach to the idea of a European Regulatory Authority

Are the Tories and Liberal Democrats satisfied with the ECOFIN agreement?

Question 1 - Bonus structures in the origins of the crisis

What was ultimately responsible for the "huge failures in capital adequacy and liquidity regulation"?

Articles
The wrong questions are being asked about banking reform

The wrong questions are being asked about banking reform

How the Vickers Commission fluffed its lines.

16 comments

Barclays receives highest number of customer complaints

Barclays receives highest number of customer complaints

Barclays bank tops the FSA list for having the most amount of disgruntled customers in comparison to other high-street banks.

UBS hit by rogue trader

UBS hit by rogue trader

A UBS worker has been arrested on suspicion of fraud.

1 comment

What does the Vickers report mean for British banks?

What does the Vickers report mean for British banks?

In a major reorganisation, banks are to separate their retail and investment arms.

9 comments

Santander loses £651m in profits for mis-selling PPI

Santander loses £651m in profits for mis-selling PPI

The UK's third largest bank has had to earmark £731m for payouts after it mis-sold insurance policies to its customers.

Don't be fooled. This is still a banking crisis

Don't be fooled. This is still a banking crisis

And our elected politicians should call the bankers' bluff.

18 comments

Barclays profits down by a third

Barclays profits down by a third

Half-year profits down 33 per cent from last year.

Will John Vickers listen to Mervyn King?

Will John Vickers listen to Mervyn King?

Bank of England governor says it's time to separate retail and investment banking.

9 comments

FSA slaps £5.6m fine on RBS for anti-terror failings

FSA slaps £5.6m fine on RBS for anti-terror failings

Banks punishment mitigated thanks to admission of guilt.

The interview

Preview: Ken Livingstone: “The world is run by monsters”

The interview

Preview: Boris Johnson: “I’ll tell you what makes me angry – lefty crap”

On Syria

Intervention in Syria won’t work, so how do we stop Assad?

GOP race so far

Infographic: Republican primary race 2012

Mind your B-sides

Mind your B-sides

Time to rethink

Time to rethink, not reassure

Who minds?

Latter Day Taint?

Alistair Darling

Alistair Darling, the Miliband dilemma and what the party must do next
NewStatesman

Newsletter!
Enter your email address here to receive updates from the team
chronicle of protest
Vote!

Can the UK achieve it’s commitment to carbon reduction targets by 2020?

Suggest a question

View comments

© New Statesman 1913 - 2010