Comments on: Banking – Has anything changed? http://www.i-change.biz/blog/?p=2960 Our lives are the sum total of the choices we make and the changes we effect. These are my musings about this journey... Thu, 02 Sep 2010 15:38:01 +0100 hourly 1 http://wordpress.org/?v=3.0.1 By: Video Blog: Organisational Change Lessons learnt from the Banking Crisis - Change Blog http://www.i-change.biz/blog/?p=2960&cpage=1#comment-1188 Video Blog: Organisational Change Lessons learnt from the Banking Crisis - Change Blog Sat, 19 Dec 2009 16:49:42 +0000 http://www.i-change.biz/blog/?p=2960#comment-1188 [...] recently wrote an article on an allied subject, and was recently interviewed about this.  As ever, I’d be interested [...] [...] recently wrote an article on an allied subject, and was recently interviewed about this.  As ever, I’d be interested [...]

]]> By: Peter Syme http://www.i-change.biz/blog/?p=2960&cpage=1#comment-1169 Peter Syme Sat, 05 Dec 2009 21:17:30 +0000 http://www.i-change.biz/blog/?p=2960#comment-1169 Richard With regards to vested interests , I think you are right. The banks have taken one message above all others during this episode. We are too big to fail! Therefore they will do whatever they can to ensure they are in a position to have the best of both worlds. Tax payer support and rewards without risk that are all out of proportion to other industries and society at large. Peter Richard

With regards to vested interests , I think you are right. The banks have taken one message above all others during this episode. We are too big to fail! Therefore they will do whatever they can to ensure they are in a position to have the best of both worlds. Tax payer support and rewards without risk that are all out of proportion to other industries and society at large.

Peter

]]> By: richardderwentcooke http://www.i-change.biz/blog/?p=2960&cpage=1#comment-1170 richardderwentcooke Sat, 05 Dec 2009 21:16:05 +0000 http://www.i-change.biz/blog/?p=2960#comment-1170 Peter, I think this is exactly right One wonders, if we can come up with this solution, why there is no pressure to move in this direction? Is it purely vested interest and corruption? Or is there a good answer.. Peter, I think this is exactly right One wonders, if we can come up with this solution, why there is no pressure to move in this direction? Is it purely vested interest and corruption? Or is there a good answer..

]]> By: Peter Syme http://www.i-change.biz/blog/?p=2960&cpage=1#comment-1168 Peter Syme Sat, 05 Dec 2009 21:12:44 +0000 http://www.i-change.biz/blog/?p=2960#comment-1168 I am no expert in banking but it does seem to me that there is a simple solution going forward. Force the banks to split into separate business with no links between them Retail for day to day banking, savings, mortgages, lending and business banking ran with a view to be a service for society no need to make huge profit just ensure the balance sheet is in good order and the service is good. This is the part the central government has to support if required as it is the oil that makes society function. Investment banking. Run as separate companies and they live or die like any other company, pay their directors and staff what they like but they do not have ties to retail banking or the ability to use retail banking funds for their gambling. Peter I am no expert in banking but it does seem to me that there is a simple solution going forward.

Force the banks to split into separate business with no links between them

Retail for day to day banking, savings, mortgages, lending and business banking ran with a view to be a service for society no need to make huge profit just ensure the balance sheet is in good order and the service is good. This is the part the central government has to support if required as it is the oil that makes society function.

Investment banking. Run as separate companies and they live or die like any other company, pay their directors and staff what they like but they do not have ties to retail banking or the ability to use retail banking funds for their gambling.

Peter

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