The Libor scandal has once again highlighted the need for a comprehensive inquiry into our banking system. Support our call for a judicial inquiry by clicking below, signing the petition and sharing it with everyone you know.
The Good Banking Forum includes a unique range of leading figures from academia, finance, politics, the law, trade unions, consumer and civil society groups that are demanding real reform of the banking sector.
The Forum emerged from the Good Banking Summit, organised by nef (the new economics foundation) and Compass in May 2011. The Forum challenges the limited scope of the Independent Commission on Banking, will mobilise public pressure for ‘Good Banking,’ and is campaigning to break-up the banks as a necessary first step.
Archive for the ‘Competition’ Category
Since the launch of the ECCR report The Banks and Society: Rebuilding Trust in March 2011 members of ECCR West Midlands have met some of the bankers and academics in the region, as well as regional officers of the Bank of England. This paper reflects on some of the conversations held; however the views are those of the author alone and are offered as a contribution to the continuing discussion.
It has taken a very long time, but at last the establishment seems to be using the b-word about the UK banking oligarchy.
Yes, in order to provide the UK economy with the support it needs, we need to break up the big banks.
We have become used to trading accusations about the way the big banks – which account for practically all banks in this country – have been progressively turning their back on the real world in favour of the speculative one.
A new campaign has hit the headlines with the simple premise of encouraging those who believe that their banks are behaving unethically to move their deposits to a more ethical bank. More details at http://moveyourmoney.org.uk/
Below, Andrew Simms of the new economics foundation explains why we should back the campaign.
At last weeks local banking conference co-hosted by nef (new economics foundation) and the Good Banking Forum we asked some of the speakers what they think their first steps would be to reinvigorate local banking. You can hear their thoughts by clicking below.
Lloyds Banking Group has named the Co-operative as its preferred choice to buy the 632 branches it is selling under European competition rules.
Surely good news for all who support a greater role for co-operative banking in the UK.
The advent of ‘credit easing’, set out in the Chancellor’s autumn statement, was trumpeted as a huge innovation when he announced it at his own party conference two months ago.
George Osborne, possibly an even less successful salesman than he is Chancellor of the Exchequer, has managed to flog publicly-owned Northern Rock for a full £400m less than was paid for it back in 2008. The Rock’s owner, Richard Branson, the subject here of a withering Daily Mail profile, must be chortling all the way to his new bank.
Thursday, 8 December 2011 – 1:30pm – 5:00pm
nef (new economics foundation) and the Good Banking Forum invite you to our conference on the urgent need to reinvigorate high street banking.
We have organised this conference at late notice as the intensifying banking crisis demands our immediate attention and have pleasure in inviting you to this half day event in Central London.
The conference will demonstrate how to create the strong local banking system we desperately need. You will hear what is already being done to re-shape a banking system for local economies, both in the UK and internationally. The conference will also discuss how to adapt the current regulatory system to allow for effective local banking. Speakers include Anthony Thompson, chair of Metro Bank, Lord Glasman, Tony Greenham of nef, Stephen Clarke of Civitas, and representatives of European local and regional banks.
We want as many experts as possible to join us in this part of the campaign for a strong and diverse local banking sector. Already confirmed to attend are senior figures from the Bank of England, Department for Business, Innovation and Skills and HM Treasury.
You will find the agenda and speakers for the day below. For more information or to confirm attendance please email firstname.lastname@example.org or phone 0207 820 6357 as soon as possible.