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CITY VIEWS: IS NOW THE RIGHT TIME TO BRING IN BANKING REFORMS?
CHRIS BATCHELOR | LLOYDS
“It’s not the right time as it will increase the cost of retail banking. The inability to get mortgages will destabilise the housing market, shaking the economy.”
JAMES GIBSON | CRONE CORKILL/WILLIS
“No, I think that we should hang on six months to see what happens; recently the FTSE has been volatile, and we are still in a fragile economic climate.”
JIM PACKHAM | OXFORD INSURANCE BROKERS
“Yes, it is definitely a good idea to act now – as soon as the financial markets crashed they should have brought in bank reforms.
Ringfencing is a great idea as banks will then be fully aware of the downside of their debt.”