Sunday Amusement: The Vickers Report

Sunday, November 20, 2011

Some readings for this sunny sunday morning:

The Vickers Report:  According to the UK Independent Commission on Banking which issued its much-anticipated report in mid september,  if its recommendations — which the government has pledged to adopt — had been in place before 2007 they would have helped prevent the run on Northern Rock and the collapse of Lehman Brothers, three years ago this week, which led to the 2008 banking crisis.

This report addresses more especially the UK banking sector but it provides an insightful analysis of the problems the european banking sector has to cope with.

An interesting post about the impact of regulation on the banking sector published on Zerohedge.

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