Belfast Telegraph

UK Website Of The Year

Ring-fencing a good idea

By David Elliot

Published 15/06/2012

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.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?

Read More


From Belfast Telegraph