News story

Reforming the banks

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

From:
Department for Business, Innovation & Skills and The Rt Hon Dr Vince Cable
Published
26 July 2011
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

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