The Great Debate UK

from Breakingviews:

Strong local units good for bank reform

November 2, 2009

The debate about reforming the financial system is often presented as an argument between regulators on one side and banks on the other. But it is also beginning to throw up some differences among banks. One such rift has been exposed by the suggestion that banks should be forced to hold greater reserves of liquidity and capital in national subsidiaries.

from Commentaries:

Do banks really need to hoard liquidity?

October 7, 2009

That's the provocative question posed by Willem Buiter. His latest, characteristically lengthy, blog post tackles the regulatory vogue for forcing banks to hold much greater reserves of liquid assets - in practice, government bonds.

from Commentaries:

Banking? Keep it simple stupid

September 10, 2009

In 1873, Walter Bagehot wrote that "the business of banking ought to be simple; if it is hard it is wrong." He would have struggled to recognize today's banking system.

Britain’s economy should learn to speak a little Chinese

August 10, 2009

ross2- John Ross is visiting professor at Shanghai’s Jiao Tong University where he writes a blog on globalisation. The views expressed are his own. -

from Commentaries:

Time for Britain to close the GAPS

August 4, 2009

Britain's asset protection scheme, invented to protect the banking system, is morphing into a bureaucratic monster. It's time to kill it off. Though state support is still needed, there are simpler ways for the government to prop up its ailing lenders.

from The Great Debate:

Accounting change won’t save banking

By J Saft
March 13, 2009

James Saft Great Debate —James Saft is a Reuters columnist. The opinions expressed are his own. –

By all means reform accounting, but for pity's sake take your time and keep your expectations low.

from The Great Debate:

Bankers can’t kick the sporting habit

By Alexander Smith
February 11, 2009

Alex Smith-- Alexander Smith is a Reuters columnist. The opinions expressed are his own --

People are up in arms about bankers receiving bonuses when the banks they worked for have gone down the pan. But isn't it just as shocking that so many state-backed financial firms still subsidize the eye-popping wages of sporting superstars through rich sponsorship deals?

from James Saft:

Stephen Schwarzman’s hair of the dog

January 28, 2009

jimsaftcolumnSo what is Blackstone Group chairman Stephen Schwarzman's prescription for solving the banking crisis?