Are they starting to get it right at last?

[PM-Junkie]

Building societies fear new rules

Just the headline alone is promising. Building societies complaining that they won't be able to "compete with banks" or "diversify" if the FSA implements its plans to stop them indulging in riskier lending practices.

It's also rather funny that, in any event, they have to be told "to have senior managers who are sufficiently skilled to oversee any riskier lending". Well there's a radical thought - they'll be suggesting that people who fly commercial aircraft should be trained pilots next!

...still zero sign of separating high street banks from investment banks and other casinos though. Until that happens, expect the credit crunch to happen again, eventually. And next time will be much worse.

[BrilloPad]

Building societies fear new rules

Just the headline alone is promising. Building societies complaining that they won't be able to "compete with banks" or "diversify" if the FSA implements its plans to stop them indulging in riskier lending practices.

It's also rather funny that, in any event, they have to be told "to have senior managers who are sufficiently skilled to oversee any riskier lending". Well there's a radical thought - they'll be suggesting that people who fly commercial aircraft should be trained pilots next!

...still zero sign of separating high street banks from investment banks and other casinos though. Until that happens, expect the credit crunch to happen again, eventually. And next time will be much worse.

Why just introduce the new rules for building socities? Why not for banks too at the same time?

[OwlHoot]

My impression is that the FSA are Gordon Brown's poodles. On that assumption, whatever they propose is what he wants, and should be considered in the same light.

[BrilloPad]

My impression is that the FSA are Gordon Brown's poodles. On that assumption, whatever they propose is what he wants, and should be considered in the same light.

So its all a strategy to win the next election?