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Banks to be given until 2019 to implement reforms

2

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Was talking about the time given to undertake something.

    If that's your entire comprehension of WW2..............
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    While the rest of Europes stock markets and banks fall due to a banking and euro crisis (amongst other stuff) here in the UK you have RBS, and Lloyds in the green on the back of this report. That's all I need to know it's a green light for banks to carry on as they were.

    There's Basle 3 heading down the tracks towards the banks that's been mentioned on this forum endlessly. Let alone EU capital reserve stress testing.

    What's Hester been doing at RBS?

    Why's Lloyds contracting its mortgage book?

    How much has the UK taxpayer currently lost on supporting RBS and Lloyds? With realisation of the investment moving further and further away.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
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    edited 12 September 2011 at 9:48AM
    Thrugelmir wrote: »
    If that's your entire comprehension of WW2..............

    It's not. But I see we can't go any further with the simple analogy of what can actually be achieved if we actually want it to, within a time frame.

    We could train civilians to become fighters witin weeks and have them fighting thousands of miles away within hours, build entire new multi terrain vehicles and ship them around the world and use them within months. Etc etc etc.

    But we can't seperate a bank into retail and investment arms?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    There's Basle 3 heading down the tracks towards the banks that's been mentioned on this forum endlessly. Let alone EU capital reserve stress testing.

    What's Hester been doing at RBS?

    Why's Lloyds contracting its mortgage book?

    How much has the UK taxpayer currently lost on supporting RBS and Lloyds? With realisation of the investment moving further and further away.
    until people understand or even get a grasp of what these mean, your post is lost on this forum...
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It's not. But I see we can't go any further with the simple analogy of what can actually be achieved if we actually want it to, within a time frame.

    Far from a simple analogy.

    One example.

    If the US shipbuilding industry hadn't of invented riveting in 1941. Which resulted in merchant ships being constructed in 6 months. Then the tonnage loss of shipping from U boat attacks would have resulted in the UK being depleted of essential supplies such as oil and food.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    You are all overlooking one simple fact ...

    The government doesn't tell the banks what to do. The banks tell the government.

    Don't forget that politicians are bought and paid for by their masters and they don't care about anything but re-election.

    100% guaranteed.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    chucky wrote: »
    until people understand or even get a grasp of what these mean, your post is lost on this forum...

    Try and educate. in a few years time this will be headline media news.

    As you and I know something is happening everyday in business. Company boards are more dynamic than Governments. As a change in policy can be instantaneous.To say nothing is changing, borders on ignorance or a lack of willing to fully understand.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    nearlynew wrote: »
    The government doesn't tell the banks what to do. The banks tell the government.

    An example?
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Far from a simple analogy.

    One example.

    If the US shipbuilding industry hadn't of invented riveting in 1941. Which resulted in merchant ships being constructed in 6 months. Then the tonnage loss of shipping from U boat attacks would have resulted in the UK being depleted of essential supplies such as oil and food.

    If the UK hadn't discovered the benefits of RADAR in 1935 we wouldn't hav got that far.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Try and educate. in a few years time this will be headline media news.

    As you and I know something is happening everyday in business. Company boards are more dynamic than Governments. As a change in policy can be instantaneous.To say nothing is changing, borders on ignorance or a lack of willing to fully understand.
    it's unfortunately too common on here.

    it's just not what you saying, for example your comment about Hester; people miss the point completely because they're frothing about the size of his bonus payment and that's what has captured their blinkered attention.
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