Bank reform: the danger of boredom

September 2010
Law & Financial Markets Review;Sep2010, Vol. 4 Issue 5, p471
Academic Journal
The author reflects on the government's decision to refuse the implementation of the Glass-Steagal style of bank reforms in Great Britain. He cites the move of Chancellor of the Exchequer Alistair Darling to defend the government's decision citing the significant failure of the system through Lehman Brothers Holdings Inc. The author points out the significant contribution of banks and reminds the need for the government to support and initiate tough measures to safeguard the sector.


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