Quote:
Originally Posted by CaptainCrunch
The job comes with a million dollar a year salary, and he's going to need it to straighten out their banking system.
When I watched the news on this the discussion was that Britain wanted the Canadian like Banking safeguards implemented to fire wall them in the next recession.
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Well, good luck to him. The City has so much power in the British economy that any attempts to regulate or modify the way the financial services works will be met with threats to relocate to the contintent. Compared to Canada, the British economy is a basket case--Canada at least has resources and a bit of manufacturing left. Britain has the City and that's about all. And the government wants to divest itself further from the EU, which is the only thing that provides a critical mass to compete with the large and emerging economies around the world.