.jpg)
Six weeks on from the publication of its final report, Angela Knight reminds policy makers that the ICB is a body that recommends, not a body that decides.
The BBA Chief Executive reviews ICB recommendations in a blog posted on the BBA website today. Her comments focus on the retail ring-fence and an increase in loss-absorbing capital and emphasise the real cost of these proposals to the economy, to banks and to customers.
Angela Knight writes:
‘I sincerely hope that the investors will be up for the ICB’s proposals. But if they are, the necessary spends will be big. Run up all the associated price tags and the fixed cost of operating a bank much higher. As every businessman and woman knows, you can’t increase the fixed cost of commerce without affecting the price of the goods and services the business offers.’
Read Angela’s post here.
