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MSE News: Bank of Cyprus UK savers get UK protection

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Comments

  • oldvicar
    oldvicar Posts: 1,088 Forumite
    The UK's regulatory regime hasn't stopped banks going bust though. From Kaupthing to the scottish banks and a few tiddlers since.
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    But that was light-touch regulation. We don't still do that, do we, they won't get away with anything now.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • oldvicar
    oldvicar Posts: 1,088 Forumite
    That's good to know.

    Heard the latest Reith lecture?
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    oldvicar wrote: »
    Heard the latest Reith lecture?
    Today? Forgot. Will have to catch the repeat.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
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