Belfast Telegraph

Thursday 21 August 2014

Ring-fencing a good idea

Sticking with the subject of banking, it's good to see the Government's plans to ring-fence banks' retail and investment arms, a strategy which should ensure we're not having to pay for the mistakes of a few trigger happy traders.

Of course, that's the easy view to take but in the boom times the investment arms were paying for our cheap banking with their huge profits.

Take that away and we might find we're having to pay for the likes of current accounts and other services.

Still, it's a small price to pay for the security of being at a strong arm's length from the speculative traders' profit and loss account.

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