Home > Uncategorized > More on the Co op

More on the Co op

http://www.bbc.co.uk/news/business-22276390

An interesting piece by Robert Peston. There is a suspicion that the co op may pull out of banking altogether citing the regulatory restrictions that have been and are being imposed by the government. As Robert points out, the government’s desire for more competition in the market is at odds with the desire for stricter rules. It’s a complicated and sensitive balancing act

This maybe a case of crying wolf or trying to twist the authorities arm but those that call for increased legislation ( as we are seeing in the invoice finance market) have to be
aware of the other side of the coin

My view is that competition is essential and still sadly lacking in the uk market

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