This is an excellent article from Martin Wolf, Chief Economics Correspondent, in the FT. It’s well worth a read. Check it out!
Personally, I would endorse all the recommendations except for one, namely that I would prefer to see retail banking and investment banking completely segregated from each other. I also do not accept the argument that fully segregated retail banking would drive up customer charges – there are enormous opportunities for radical cost reduction in the retail banking.
What do you think?