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09 February 2012
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Christian Socialist Movement
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The Economy
> Bank of England Governor repeats call to reform banks
Articles in this group
Ethical capitalism?
Report from a debate on the future of capitalism
More ...
DEMOCRACY vs ADOLESCENT CAPITALISM
Is this the real battle that we are missing?
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ECCR Publishes Report on The Banks And Society
Read the ECCR's latest report on the impact of the banking sector on the lives of customers, employees and communities...
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Independent Commission on Banking Looks Set to Fulfill CSM's Campaign for an Ethical Banking Sector
New Prospect for Banking Separation
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What foundations are the global economy built upon?
Labour Responds to the Emergency Budget
Labour's first election film – The Road Ahead
Theology and executive pay
Separating the banks: looking at the arguments in more detail
Separate as well as regulate
Obama agrees with CSM Call for Separation of Banks
EDM Calling for Separation of the Banks
Obama agrees with CSM Call for Separation of Banks
ING bank separates banking operations
Bank of England Governor repeats call to reform banks
Gordon Brown says stronger bank regulation not enough
Archbishop - Economics is 'housekeeping' for humanity
Bank of England Governor says separate the banks
MPs urge government to separate casino banking from retail banking
Markets and morals at Labour conference
Government minister calls for banks to reform morals to earn forgiveness
Introducing 'Simplify'
EU Predicts Economic Gloom
Bank of England Governor repeats call to reform banks
Mervyn King, Governor of the Bank of England, yesterday repeated his call for banks to be reformed.
Speaking to the House of Commons Treasury Select Committee, he revealed that in autumn 2008 the Bank of England extended £61.6bn emergency support to Royal Bank of Scotland and HBOS. The financial system in the UK was on the brink of collapse and rapid action was required, he said.
The announcement came as a surprise to Treasury Committee members because the information had not been released before.
In his opening comments, Mr King stated that
"having experienced the wider economic consequences of the financial crisis, it is right that households and companies expect fundamental reform to the structure and regulation of our whole financial system
." His call echoes CSM's campaign to separate risky banking from retail banking.
CSM, 25/11/2009
