Sunday, May 30, 2010

The Consensus On Big Banks Shifts, But Not At Treasury -- The Baseline Scenario

The Consensus On Big Banks Shifts, But Not At Treasury The Baseline Scenario:

"Attitudes towards big banks are changing around the world and across the political spectrum. In the UK, the new center-right government is looking for ways to break them up:

“We will take steps to reduce systemic risk in the banking system and will establish an independent commission to investigate the complex issue of separating retail and investment banking in a sustainable way; while recognising that this will take time to get right, the commission will be given an initial time frame of one year to report.”"

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