Localise West Midlands

In September the Independent Banking Commission appointed by the Cameron government published an issues paper and we have responded by bringing to their attention the regional pattern to the UK banking collapse of 2008. This has crucial implications for the bank reforms that are needed in the UK. But the regional dimension of 2008 has hardly been mentioned in public policy discourse. The UK banks that needed the injection of public money as shareholdings in 2008 were mainly those banks which had developed out of regional banks and building societies over the course of the last generation. As these UK banks are re-organised and sold off by the state, we want to see the future banks that emerge from this mess reporting to the authorities on a region-by-region basis. This would be the basis of the future structural separability of the parts of larger banks we would like to see. . . . → Read More: Stabilising a Europe of tottering regional banks