Secret Sources of Power by Tommy Tenney

Secret Sources of Power by Tommy Tenney

The Commission welcomes the Government's acceptance of the principle that it's proposed framework for ring-fencing requires reinforcement. The Commission sees no merit in the proposition that the first reserve power will create uncertainty for banks or put at risk their attempts to raise funds for lending. That power will be a source of uncertainty only for those minded to take actions that conflict with the objectives of the ring-fence. It is important that the regulator's powers to break-up a bank should be exercisable only after by an independent reviewer. It is also important that the reviewer should be independent of Government. The Government should make explicit provision in the Bill to enable the regulator to require a bank to divest itself of a specified division or set of activities which would fall short of the requirements of the first reserve power. The Government's proposal for the periodic review to be conducted by the regulator is wholly inadequate. Government has been at pains to make the case against the provision for full separation being implemented on the say so of the regulator.Instead, it is envisioned that the legislative provisions would be brought into force only in the light of the recommendations of the independent review. It is essential that the timetable for the progress of the current Bill allows adequate time not only for the full scrutiny of the current content, but also for the addition of provisions to give effect to their recommendations

SKU	Non disponible
ISBN 13	9780768450002
ISBN 10	0768450004
Titre	Secret Sources of Power
Auteur	Tommy Tenney
État	Non disponible
Type de reliure	Paperback
Éditeur	Destiny Image
Année de publication	2005-01-01
Nombre de pages	178
Note de couverture	La photo du livre est présentée à titre d'illustration uniquement. La reliure, la couverture ou l'édition réelle peuvent varier.
Note	Non disponible