UK Treasury: radical banking reform still needed

Financial reforms since the onset of the crisis have brought some improvements, but more radical measures are needed to tame the banking sector, the UK Treasury said in a report out on Monday.
   
“We are clear radical reform is necessary, but it cannot be achieved immediately: if it were done too quickly the cost to banks and to their customers would increase too quickly to be absorbed. But it has to be done,” the report says. “The collapse of Lehman Brothers showed the failure of an

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: