Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan Protection: Barclays chief calls for global regulation

Financial regulations should be global to ensure no bank is at a competitive disadvantage, according to incoming Barclays chief executive Bob Diamond.

Speaking at the Confederation of British Industry annual conference, Mr Diamond claimed British firms such as Barclays, Standard Chartered and HSBC would all suffer if new rulings only affected them and not their direct rivals.

He said: "[Banks] need regulation that's consistent on a global basis that allows a level playing field to compete fairly, and that's true whether it comes to taxation, compensation or business model."

His comments follow Chancellor George Osborne's confirmation last week (October 20th) that UK lenders will be subject to a new banking levy.

Mr Diamond also added that UK high-street banks would suffer if they were forced to separate their retail and investment divisions, a topic which is subject to review from an independent commission.

Posted by Amir Hussain

Amir specialises in personal loans, consumer debt and debt management ADNFCR-2776-ID-800156331-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide