TheOldWet
77p572 comments posted · 1 followers · following 0
4 years ago @ http://www.conservativ... - Eddie Hughes: Our valu... · 0 replies · +1 points
4 years ago @ http://www.conservativ... - Our last pre-election ... · 0 replies · +1 points
4 years ago @ http://www.conservativ... - Steve Baker: Five tips... · 0 replies · +1 points
4 years ago @ http://www.conservativ... - Steve Baker: Five tips... · 2 replies · +1 points
4 years ago @ http://www.conservativ... - A sign of the times. T... · 3 replies · +1 points
4 years ago @ http://www.conservativ... - Richard Patient: At la... · 0 replies · +1 points
4 years ago @ http://www.conservativ... - Jesse Norman: The root... · 0 replies · +1 points
1. The supervisory system, as it applied to banking, was a function of the Basel reforms, not the New Labour government. Sure, there is some scope for national variation in the way it is applied. but since Basel II banks could essentially set their own capital requirements so long as they got their models approved. This is why banking leverage ratios went up globally - not just in the U.K. - during the 2000s.
2. On a more political note, does anyone really recall our own party clamouring for heavier bank regulation during the Blair era? Of course they don’t, because we didn’t. As an aside, one of the many undesirable likely outcomes of Brexit will be a round of financial sector deregulation in the UK, mark my words.
3. It is a myth to imagine that the regulatory reforms introduced in 2010 have made another financial crisis less likely. In fact, they have moved the source of dangerous lending from regulated businesses to unregulated ones. The consequences of this are still brewing.
4 years ago @ http://www.conservativ... - WATCH: Johnson's first... · 2 replies · +1 points
And we’ve stopped knowing how to spell programme.
4 years ago @ http://www.conservativ... - An open letter to Brex... · 1 reply · +1 points
4 years ago @ http://www.conservativ... - Farage's decision send... · 0 replies · +1 points