We will not back casino style banking

• Petition
• Statistics

Petition Action

We will not back casino style banking

Additional Information

The government must legislate to stop the Bank of England from continuing to act as lender of last resort to banks who deal in investment banking.

Each bank will be free to operate commercial, private and retail banking to its customers and by staying within these parameters keep the backing of The Bank of England and by default the UK taxpayer.

However, any bank which, by choice, conducts investment banking, deals in complex derivatives or takes significant investment risks should be freed from the control of the Bank of England and allowed to fail if it makes unprofitable risk decisions. It will still be able to take deposits and offer returns, however, these will be marked clearly as non-guaranteed and outside the regulatory remit.

---

You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus