View more on these topics

Darling says restricting bank size is not the answer

Chancellor Alistair Darling has said that restricting the size of banks is not necessarily the answer to preventing future economic crises.

Speaking at Mansion House in the City of London last night, Darling said large banks must not assume that Governments will always bail them out.

He said: “The solution is not as simple, as some have suggested, as restricting the size of banks.

“We have learnt that you don’t necessarily need to be a big bank – or indeed a complex one – to threaten to bring the system down.

“You cannot remove all risk. But you can try to understand where the risks lie.”

The Chancellor also stressed that banks must focus on long-term wealth creation and not short-term profits.

He said that Governments and regulators also need to learn lessons from the crisis and said that transparency is paramount.

Darling announced that next week he will set out a new tax code for how the banks can meet their obligations.


Settlor’s rights

Loan trusts are an excellent tool for lump sum inheritance tax planning for clients who need ongoing access to their initial investment.

Artemis Global Income: favouring Europe over the US

With a 10 per cent return from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the US. Jacob believes European companies remain cheap and is still finding opportunities amid value stocks – in contrast […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm