TITLE

Regulator's new powers have the wrong focus

AUTHOR(S)
Cleary, Alan
PUB. DATE
January 2008
SOURCE
Mortgage Strategy;1/14/2008, p25
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The author reflects on the power given by Chancellor Alistair Darling to the Financial Services Authority (FSA) to deal with failing banks in Great Britain. The author argues that the chancellor's focus in making sure that banks in trouble, especially to LIBOR, have enough cash to keep going is on the wrong area. He suggests that Darling should be working on decisive action to ensure that liquidity is restored.
ACCESSION #
28660156

 

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