February 2009 Archives
Does the FSA really have the answers?
Macho posturing. Empty macho posturing. That could be the overwhelming feeling one is left with in the wake of the Financial Services Authority's appearance before the Treasury Select Committee. Certainly if you relied on the BBC's Robert Peston you would...
Posted by David Worsfold on February 26, 2009 8:24 AM | Permalink | Comments (0)
Europe draws up the battle lines on financial regulation
It should come as no surprise that the European Commission will launch a bid to create a pan-European financial regulator. The abject failure of national regulators to prevent, predict or plan for the successive crises that have swamped the financial...
Posted by David Worsfold on February 25, 2009 9:46 AM | Permalink | Comments (0)
Credit crunch confidence crisis
There is no shock value in the current crisis-ridden climate when a consumer group says the financial services sector has a mountain to climb to restore consumer confidence. Which? - once the Consumers Association - set out this case with...
Posted by David Worsfold on February 17, 2009 2:10 PM | Permalink | Comments (0)
Banks: it is all about control
When the government first stepped in to re-capitalise the banks as the financial system teetered on the brink of disaster in the autumn, I highlighted the failure to assert political control of the banks. Nothing was done, or seems to...
Posted by David Worsfold on February 12, 2009 9:23 AM | Permalink | Comments (0)
PPI Clampdown hits the mark
If you need any confirmation of the low regard in which banks are now held by MPs just listen to the deafening silence that greeted the Competition Commission's draconian action on payment protection insurance. In any normal climate, there...
Posted by David Worsfold on February 4, 2009 10:59 AM | Permalink | Comments (0)
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David has been a financial journalist for 30 years and is currently Group Editorial Services Director at Incisive Media.
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