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Reforming the banks

Vince Cable delivers keynote speech on creating a sustainable and stable banking sector for a prosperous economy.

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

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The Business Secretary delivered the keynote speech at the Which? Banking Reform debate held in London.

Read the speech in full

Vince Cable: Banks need reform, but what form must it take?

It’s 15 months since I worked with Which? on its Banking Commission, before joining the Coalition government. A group with disparate views came together to recommend unanimously a series of strong conclusions.

Its central point was that ‘banking is a structurally flawed industry that has failed its customers, its investors and the taxpayers who stand behind it.’ A year and a bit later, that verdict retains its force…

Read the Business Secretary’s blog post and have your say on banking reform on the Which? Conversation.

Published 26 July 2011