{"id":5843,"date":"2012-10-25T03:14:32","date_gmt":"2012-10-25T07:14:32","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5843"},"modified":"2012-10-25T03:14:32","modified_gmt":"2012-10-25T07:14:32","slug":"we-should-go-further-unbundling-banks-andy-haldane-bank-of-england","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/25\/we-should-go-further-unbundling-banks-andy-haldane-bank-of-england\/","title":{"rendered":"We should go further unbundling banks &#124; Andy Haldane &#124; Bank of England"},"content":{"rendered":"<p>Andrew Haldane, BOE Director of Financial Stability, addresses the too-big-to-fail problem in a recent article and makes the point that reducing complexity would increase investor trust in the banking system and improve liquidity.<\/p>\n<blockquote><p>&#8230;&#8230;.Today, the Volcker proposals in the US, the Vickers proposals in the UK and the Liikanen proposals in Europe envisage a similar unbundling of banking portfolios. Despite the alarm some have expressed, if implemented faithfully and simply such structural solutions ought to help solve the too-complex-to-price problem, to say nothing of too-big-to-fail. Alongside efforts to strengthen macro and micro-prudential regulation, these initiatives would help mobilise bank funding and lending, just when it is most needed for the economy.<\/p><\/blockquote>\n<p><a href=\"http:\/\/www.bankofengland.co.uk\/publications\/Documents\/speeches\/2012\/speech605.pdf\">We should go further unbundling banks | Andy Haldane | Bank of England (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andrew Haldane, BOE Director of Financial Stability, addresses the too-big-to-fail problem in a recent article and makes the point that reducing complexity would increase investor trust in the banking system and improve liquidity. &#8230;&#8230;.Today, the Volcker proposals in the US, the Vickers proposals in the UK and the Liikanen proposals in Europe envisage a similar &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/25\/we-should-go-further-unbundling-banks-andy-haldane-bank-of-england\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;We should go further unbundling banks &#124; Andy Haldane &#124; Bank of England&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[2110,3434,3601,3619],"class_list":["post-5843","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","tag-liikanen-proposals","tag-too-big-to-fail","tag-vickers-rule","tag-volcker-rule"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>We should go further unbundling banks &#124; Andy Haldane &#124; Bank of England - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We should go further unbundling banks &#124; Andy Haldane &#124; Bank of England - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Andrew Haldane, BOE Director of Financial Stability, addresses the too-big-to-fail problem in a recent article and makes the point that reducing complexity would increase investor trust in the banking system and improve liquidity. &#8230;&#8230;.Today, the Volcker proposals in the US, the Vickers proposals in the UK and the Liikanen proposals in Europe envisage a similar &hellip; Continue reading &quot;We should go further unbundling banks &#124; Andy Haldane &#124; Bank of England&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/25\/we-should-go-further-unbundling-banks-andy-haldane-bank-of-england\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-10-25T07:14:32+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/10\\\/25\\\/we-should-go-further-unbundling-banks-andy-haldane-bank-of-england\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/10\\\/25\\\/we-should-go-further-unbundling-banks-andy-haldane-bank-of-england\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"We should go further unbundling banks &#124; 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\\\/2009 and 2020 bear markets well ahead of actual events. 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The Independent Commission on Banking, chaired by Sir John\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1274,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/12\/too-big-to-fail-is-here-to-stay\/","url_meta":{"origin":5843,"position":1},"title":"Too-big-to-fail is here to stay","author":"ColinTwiggs","date":"October 12, 2011","format":false,"excerpt":"Lehman Brothers' collapse in 2008 was intended to intended to teach financial markets that they could not rely on an implicit government guarantee for too-big-to-fail (TBTF) banks. What bondholders learned was the opposite: never again would an institution of that size be allowed to collapse because of the de-stabilizing effect\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7326,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/27\/forget-too-big-to-fail-kill-the-fractional-reserve-banking-system\/","url_meta":{"origin":5843,"position":2},"title":"Forget too-big-to-fail: Kill the fractional reserve banking system","author":"ColinTwiggs","date":"March 27, 2013","format":false,"excerpt":"Interesting discussion on Bloomberg about currency-backed deposits and equity-funded loans. The fractional reserve banking system is the primary cause of instability and asset bubbles in the global economy, allowing banks to create money out of thin air. Credit expansion above the rate of real GDP growth has only two possible\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5485,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/","url_meta":{"origin":5843,"position":3},"title":"EU Commission Considering Splitting Up Banks to Avoid Future Bailouts &#8211; SPIEGEL ONLINE","author":"Colin Twiggs","date":"September 17, 2012","format":false,"excerpt":"By Martin Hesse and Christoph Pauly EU Commissioner Michel Barnier has asked experts to examine the possibility of splitting up major European banks to avoid future bailouts at taxpayers' expense. But even less radical intervention in the banking sector could have drastic consequences for the industry, and its powerful lobby\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10459,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/07\/30\/shilling-big-banks-shift-to-lower-gear-the-big-picture\/","url_meta":{"origin":5843,"position":4},"title":"Shilling: Big Banks Shift to Lower Gear | The Big Picture","author":"ColinTwiggs","date":"July 30, 2014","format":false,"excerpt":"Gary Shilling describes how US regulators are getting tough with big banks: Break-Up Like unscrambling an egg, it\u2019s hard to envision how big banks with many, many activities could be split up. But, of course, one of the arguments for doing so is they\u2019re too big and too complicated for\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Bank Price-to-Book Ratios","src":"https:\/\/i0.wp.com\/d21uq3hx4esec9.cloudfront.net\/uploads\/newsletters\/Image_5_20140730_OTB.gif?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/d21uq3hx4esec9.cloudfront.net\/uploads\/newsletters\/Image_5_20140730_OTB.gif?resize=350%2C200 1x, https:\/\/i0.wp.com\/d21uq3hx4esec9.cloudfront.net\/uploads\/newsletters\/Image_5_20140730_OTB.gif?resize=525%2C300 1.5x"},"classes":[]},{"id":11317,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/11\/10\/global-bank-regulator-calls-for-larger-capital-cushions-cfo\/","url_meta":{"origin":5843,"position":5},"title":"Global Bank Regulator Calls for Larger Capital Cushions | CFO","author":"ColinTwiggs","date":"November 10, 2014","format":false,"excerpt":"Matthew Heller reports that the Financial Stability Board, chaired by BOE Governor Mark Carney, is set to table fresh proposals at the upcoming G20 meeting in Brisbane. The world's top 30 \u201csystemically important\u201d banks will be required to substantially increase their capacity to absorb losses without requiring a bailout. The\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5843"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5843\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}