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Andy Haldane outlines proposals for breaking the ‘doom loop’

February 21st, 2011 The Bank of England’s Andy Haldane gave a fresh perspective on the causes of the global financial crisis and ran through the bank’s favoured cures at a recent lecture he gave to the Irish think tank the Institute of International and European Affairs. Haldane, the BoE’s executive director of financial stability, who […]

February 21st, 2011 | Posted in Blog | Read More »

BoE’s Bailey makes heavy hints on TBTF

January 14th, 2011 We already know that financial regulation is due for a radical shake-up in the UK, but Andrew Bailey, executive director and chief cashier at the Bank of England, has given the clearest signal yet that the structure of the banking sector will also be overhauled. In a speech on the outlook for […]

January 14th, 2011 | Posted in Blog | Read More »

Review of 2010: Making the eurozone ‘crisis-proof’?

January 5th, 2011 Whereas 2008-09 was a period when the developed world leaders were scrabbling around for politically acceptable measures about mopping up the mess left behind by years of weak regulation, poor management and reckless lending by banks and financial institutions, 2010 was a year in which the consequence of years of over-leverage started […]

January 5th, 2011 | Posted in Blog | Read More »

Bankers’ bonuses

By Ian Fraser Published: Sunday Herald Date: December 26th, 2010 Ever since Gordon Brown bailed out Britain’s banks in October 2008, the saga of bonuses has become one of the longest-running and most contentious in British public life. Politicians have been scrabbling for ways to respond to public anger and persuade the bankers to show […]

December 26th, 2010 | Posted in Article Library,Latest Articles | Read More »

Irish bailout seems to unravel before it’s even announced

November 27th, 2010 You know that things must be getting desperate in Ireland when significant numbers of the country’s population want to draft in the controversial and famously outspoken Ryanair chief executive, Michael O’Leary to help run the country. According to a Reuters report the no-nonsense Cork-born airline chief, whose opinion of the country’s politicians is […]

November 27th, 2010 | Posted in Blog | Read More »

Trust Me I’m A Banker

October 11th, 2010 BBC Scotland’s Trust Me I’m A Banker will be aired on BBC1 Scotland at 7.30pm tonight. I was interviewed for the programme on whether the Graeme Shankland / Bank of Scotland Integrated Finance deal — which saw the ownership of a troublesome private equity portfolio amassed by HBOS at the peak of […]

October 11th, 2010 | Posted in Blog | Read More »

Europe’s “stability fund” unlikely to be up to the job

October 2nd, 2010 Luis Rodríguez Zapatero, Spain’s prime minister, recently declared the European sovereign debt crisis was over. He told the Wall Street Journal, “I believe that the debt crisis affecting Spain, and the euro zone in general, has passed.” But Zapatero may be being hopelessly optimistic. A common fear is that the vehicle created […]

October 2nd, 2010 | Posted in Blog | Read More »

‘Big Four’ auditors admit they misrepresented bank solvency pre-crisis

November 27th, 2010 (updated March 27th, 2011) I was shocked by the testimony given by the heads of the “Big Four” accountancy firms — PricewaterhouseCoopers (PwC), Deloitte, KPMG and Ernst & Young — to the House of Lords economic affairs committee on Tuesday, November 23rd 2010 (full video above and transcript of evidence). One of the […]

March 27th, 2010 | Posted in Blog | Read More »

Sir Steve Robson urged to quit FRC

By Ian Fraser Published: The Sunday Times Date March 15th, 2009 Critics say credibility of Financial Reporting Council is  affected as he was among the purged RBS non-executive directors Sir Steve Robson, one of seven RBS non-executive directors to be purged last month, is facing calls to resign as non-executive director of the Financial Reporting […]

March 15th, 2009 | Posted in Article Library,Latest Articles | Read More »

Howard’s unorthodox riding style may yet cripple the black horse

December 12th, 2008 HOWARD Brown, the Halifax teller-turned-minor celebrity,  risks crippling his new steed, Lloyds TSB’s black horse, with his cavalier riding style. HBOS’s trading update this morning is scary stuff. In what appears to be an exercise in “kitchen sinking”, HBOS has revealed that its balance sheet is in a far more perilous state […]

December 12th, 2008 | Posted in Blog | Read More »