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Banks bamboozle politicians and public to hold back reforms and protect bonuses...
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Banks bamboozle politicians and public to hold back reforms and protect bonuses...

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Banks bamboozle politicians and public to hold back reforms and protect bonuses...

...., BoE official says

Jenkins, who sits on the Bank of England’s Financial Policy Committee which was set up to help keep banks in check, said: ‘The bad news is that the old guard did such a good job of scaring the bejezzus out of politicians that the regulatory landscape still reflects the shibboleths of the past five years.’

Banks have claimed that holding more spare capital will limit their ability to lend to households and businesses and stunt growth. Jenkins said: ‘A few of the high-profile survivors of the trauma still believe in these fantasies – or at least want you to believe.’

Banks bamboozle politicians to hold back reforms and protect bonuses, BoE's Robert Jenkins says | This is Money

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