"Bank overhaul 'may leave UK rudderless' if new crisis hits" reads the headline of the report about his evidence to the Treasury Select Committee (
Daily Telegraph).
We could not agree more as we have repeatedly argued that overcomplicated 'Solutions' to the problems of the banking sector are no help, and more (expensive) '
studies' even less so. A few simple solutions are glaringly obvious: higher capital ratios on interbank lending and derivatives, funding that in its majority (90%?) matches the maturity on both sides of the balance sheet. No PhD, MBA etc required to implement or monitor this.