BASIC BANK RULES NEED TO CHANGE :

With increasing regularity the behaviour of banks comes under public scrutiny, due to the greed of banks and, more particularly, their Directors.

What have Banks and Governments done to stem the "Outlaws" who override any considerations of what can only be termed as being "acceptable Banking Principles or Practices" ?

Does the Banking Profession in Britain no longer have any control of members in the Banking World ?  Does the Bank of England not control what is going on ?  Does it not have any contacts with, or controls over, Foreign Banks or Inter-Continental Banks ?

Must everything be enacted in a law ?  If this is the answer then the Government must act !!!

However, as this Blog has already suggested, here again are some obvious matters which need to be considered.

   1  Only National Banks with no Foreign Shareholders should get cheap "Tap Money" to further Government policies in Britain !!!

   2  "All Bank Directors" emoluments contracts and any subsequent modification, should be officially filed and submitted to a vote at the Annual General Meeting.

   3  A Supervisory Committee should be named and be  established, which should include the representative of the Bank of England.

   4  Sub-Committees should be created and convened to represent,

     - British Multinational Banking Organisations, 

     -  Inter-continental banking Groups with no particular shareholder interests in Britain.

Is this not a possible framework to enable Britain to control Banks and Operators who want to fleece the British Stock Exchange and normal British investors ?

Once again, this Blog repeats what it said yesterday, that if no one takes any action, the same problems will continue !!!     

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