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The General Director of any of the last few chiefs of Barclays was asked to sign a letter to cancel the rules of punishment, the government was asked to sign a letter.
During the financial crisis, John Varley, John Varley, Jes Staley, three, the bank’s cartridges, three of the bank’s cartridges, who opposed the government’s government, were consistently promoted.
It is universally known not to venkat. CS Venkatakrishnan, Barclays’s’s since the late 2021, last week, in the higher level of large-scale legal entities in the capital of capital in capital, the public came to the public with the support of the Ring-2008 rules.
Claims that “On the side of the depositor’s protection“Venkat reminded that the banks should not be guaranteed by the state. Ringfencing said that it should not be swept or irrigated.
A few days ago, Barclays Boss refused to sign a letter to the Chancellor Rachel Rachel Rachel Rachel Rachel Rachel in England. That letterCreated by the HSBC Boss Georges Elhedery, Reeves called “To grow the government to promote the growth,” July Mansion House called on July July Mansion home.
Throughout the city of London (including barclays), the bank, which has been divided into barclays, including credit card operations, the Bank, who lost the most of the most ringfention restrictions, wants to protect such areas.
Like the HSBC, Barclays, bank insiders are called at least 1 billion pounds of ringing. As rules, copies and management places, such as copies and management, it applies costs such as operations and management and creates inefficiency by limiting how funds can be placed within the group. Why barclays, probably out of their own interests?
Venkat’s public thinking – the desire to protect depositors – sounds simple, but a strange note sounds: Surely a Bank should be sure that a state can be a valid guardian without needing a state dictate. Perhaps his previous career Barclays – First of all, as a risk specialist, then as the head of the markets – did not disbelieve in retail sales of investment bankers. A difficult rule is a useful strut.
Pragmatism is also playing a part. In addition to the sunken price of the application, the Venkat, which adapts with the ringfined structure, has twice in the British retail banking and established a whole strategy for reducing growth in global investment banking operations. Drawing an adjustable line can usually help in favor of politicians who do not like to be lobbied. (Venkat got acquainted with many jobs with most of the last fall When he praises Reeves’ has extensive criticizing the budget that increases the tax.)
Calculation for Chancellor is a difficult thing. Ringfencing, especially in the international level, as a rule, as a rule, the Wall Street is the failure of the failure to keep up with the failure of the 2008 (especially Natwest / Rbs and Barclays) and other areas.
The reforms’ lawyer also violates the excess of the sound. Since submitted, other security mechanisms – the requirements for capital, liquidity and regular wind in the crisis have already been hardened.
He accepted a similar structure. Although Switzerland has decided to force the UBS to get rid of UBS and save the rest of the group, but did nothing to prove the effectiveness of such a mechanism.
As in any negligent event, Reeves will have to reduce the reduction in loss of loss, and especially for consumers, the growth benefits for AKA voters. In addition to increasing the security of deposits, they believe in the sector width of the £ 85,000 warranty), bankers, ringfencing mortgage rates. Once England finances are no longer trapped, rates may rise. “It would be an unwise policy and strange policy to eliminate Ringfence,” Sir John Vickers, Oxford Academician leading the regulatory commission.
Reeves, Elhederiya camp was correct and Venkat was wrong, will receive a long time and new initial legislation – to cancel ringfence. A fast wave for growth is certainly not.
