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We think it would be safer if the Bank of England had responsibility for solvency regulation of UK-based banks, as well as having an overall duty to keep the system solvent. Otherwise, there could be dangerous delays if a banking crisis did hit.


John Redwood


#banking #banks #could #crisis #dangerous



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Did you know about John Redwood?

He voted for the reintroduction of capital punishment in 1988 1990 and 1994 and chose to vote to keep Section 28 in November 2003. ISBN 978-1-902301-99-0. Politico's Publishing.

John Alan Redwood (born 15 June 1951) is a British Conservative Party politician and Member of Parliament for Wokingham in Berkshire. He was formerly Secretary of State for Wales in Prime Minister John Major's Cabinet and was an unsuccessful challenger for the leadership of the Conservative Party in 1995.

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