date: 12 September 2011
Commenting on the final report of the Independent Commission on Banking published today, TUC General Secretary Brendan Barber said:
'These proposals will make banking safer, even if on a timescale that gives the banks too many opportunities to lobby for loopholes. The government must legislate speedily to ensure that the plans are not watered down.
'But they will not do enough on their own to turn banking and finance into the engines of recovery and economic growth that we desperately need. Real banking reform would put new sources of investment such as a national investment bank and proper green investment bank at its heart.'
NOTES TO EDITORS:
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Press release (300 words) issued 12 Sep 2011
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printed 19 June 2013 at 17:23 hrs by 18.104.22.168