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19 June 2013updated 22 Oct 2020 3:55pm

Myners on the Banking Commission report: “Very little is going to happen in the next 24 months”

Business quote of the day.

By Raymond Doherty

Former City minister Lord Myners is unconvinced of the significance of today’s Banking Commission report.
“This is a scholarly report which will meet considerable resistance over time from the banks. The banks have successfully derailed a number of similar interventions on capital, ringfencing, bonuses and I think we will see a similar response here.
“In many areas Tyrie has said there should be further reviews …very little is going to happen in the next 24 months as a result of this report.”

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