Beating the Crunch - Banks Need to Get Back to Basics

Krohn, Mikael
February 2010
Credit Control;2010, Vol. 31 Issue 2, p51
Trade Publication
The article focuses on the agenda for credit crunch and what banks should do of overcoming it in Great Britain. It highlights the suggestions of Lord Turner, Chairman of the Financial Services Authority, during the Global Financial Forum that banks would be forced to hold higher amounts of capital at all times in order to protect themselves against future credit crunches. It also mentions that Alistair Darling was the one who dubbed the move back to traditional banking system for banks.


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