September 13, 2011

Banking reform must not damage SMEs

by Jan Harris

Following the publication of the Vickers report on banking yesterday, John Longworth, Director General of the British Chambers of Commerce (BCC), has warned that the proposed reforms must not cause ‘collateral damage among Britain’s SMEs’. “While there is clearly a need to ensure our banking system is robust, we must ensure that new regulations, however […]

September 9, 2011

FSB urges Cameron to support banking reform

by Jan Harris

With the Independent Commission on Banking (ICB) due to release its final report on Monday, the national chairman of the Federation of Small Businesses (FSB) has written an open letter to David Cameron asking him not to ‘water down’ the proposed reforms. The ICB is expected to recommend the separation of banks’ retail and investment […]

September 5, 2011

Banking reforms may reduce economic growth

by Jan Harris

Amid warnings over faltering growth in the UK economy, an economic forecasting group has warned that the proposed banking reforms could make the situation even worse. The Ernst & Young ITEM Club suggests that the reforms, under which banks would be forced to separate their retail divisions from riskier investment banking operations, could cut economic […]