Thursday, June 02, 2011

What can be done to deliver good banking services?

Last week Compass and the New Economics Foundation convened a Good Banking Summit in London to consider what steps are needed to restore integrity to banking and deliver banking services tailored to serve public needs.

In the following clip a variety of participants, including TJN's John Christensen, propose measures towards achieving this goal [John, by the way, suggests that the UK model of financial capitalism is largely unfit for purpose and calls for a full blown Royal Commission to examine how an infernal brew of uncompetitive capital markets, lax regulation, state capture and distorting tax policies catalysed the financial crisis and will undoubtedly cause another crisis in the near future]:


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