Darling Unveils credit crunch plan
2 years ago
The idea will feature in the Governments long awaited White Paper on enhancing stability in the wake of the credit crunch.
A three pronged strategy will focus on beefing up regulation,improving management of banks and giving consumers a fair deal.
The Document is expected to endorse recommendations on tougher capital and liquidity requirements for banks,put forward earlier this year by the FSA chairman Lord Turner.
It will also set out a range of options for curbing excessive lending,such as imposing capital ratios for banks during boom times and a " tax on size " to prevent balance sheets booming out of control.