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MSE News: Bank of Cyprus UK savers get UK protection

edited 30 November -1 at 1:00AM in Savings & Investments
14 replies 2.2K views
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  • oldvicaroldvicar Forumite
    1.1K posts
    The UK's regulatory regime hasn't stopped banks going bust though. From Kaupthing to the scottish banks and a few tiddlers since.
  • pqrdefpqrdef Forumite
    4.6K posts
    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
  • oldvicaroldvicar Forumite
    1.1K posts
    That's good to know.

    Heard the latest Reith lecture?
  • pqrdefpqrdef Forumite
    4.6K posts
    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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