The recent – apparently highly-acclaimed – ICB report smacks of an elegantly worked-out solution to problems that other bodies are addressing … Continue reading “Ring-fencing and the ICB – elegant, simple, but wrong”

How on earth, most people wish to know, did we get to the precipice of full scale economic collapse in … Continue reading “Don’t make banks safe, just make it safe for them to fail”

The fundamental problem in the banking sector is that bank creditors are not exposed to risk of loss. Who are … Continue reading “ICB Interim Report – the wrong answer to the wrong question”