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Today's Guardian reports on the interview with Vince Cable in the forthcoming issue of Fabian Review, published on 7th January, noting his call for a long-term reconstruction of British banking.
Vince Cable, the Liberal Democrat Treasury spokesman, has proposed a long-term reform of British banking so that a firewall is built between domestic banking and riskier internationally traded services.
In an interview with the Fabian Review Cable says: "In the longer term the banking sector is going to have to be reconstructed on very different lines. I don't think it's going to be possible to have high street banks that are simultaneously operating like casino-type investment banks."
More here.
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