BBA calls for a better national banking debate

[Legal Beagles]

On her blog today BBA chief executive Angela Knight calls for the public debate on banking to focus on the real issues, reflecting the progress already made, and not to descend to personal attacks on individuals.

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[leclerc]

Re: BBA calls for a better national banking debate

This is what she said in her blog


The national debate
written by Angela Knight on 05/02/2012

There has been a national debate about the future of banking, and for the most part it has brought us to a better place. Here in the UK we have moved further and faster than any other country. Any changes which have not been made are at least well underway, while the great global coordinators of change are still just talking. Here the industry gets it: we understand what needs to be done and we are getting it done. Those who were in charge as the crisis developed have left the industry now, and a new breed has taken control. Regulators called for stability and caution and they have got it. Even pay is regulated, and has been for more than two years now.

But the public commentary has not kept up with this progress. Too often we hear opinion formers sweeping the facts to one side and distorting the debate.

In many respects this culminated in the events of the past week, which has seen people inflamed by aggressive rhetoric and individuals pilloried. Due process and the principle of fairness were set aside in favour of expediency. Politicians made inflammatory speeches, the media reported, and the politicians made more speeches. Some condemned business generally.

What was it all for? No doubt at the end someone is doing better in the polls than might otherwise have been the case. And everyone hates bankers so who cares if a few of them get hurt?

We should all care. If we want this national debate to bring constructive results, we need to end the personal pillorying and the lobbing of catchy but insubstantial soundbites.

The banks understand they are essential to Britain’s economic recovery. And they care about the recovery, and the jobs and prosperity which only recovery can bring. To do that we need to work together rather than sacrifice the progress we have worked hard to achieve.


One person who has remained in the job as the BBA Chief during the recession is one Angel Knight. Hmmmm, she needs to resign

[EXC]

Re: BBA calls for a better national banking debate

One person who has remained in the job as the BBA Chief during the recession is one Angel Knight. Hmmmm, she needs to resign

Consider this sentence in her blog:

''we need to end the personal pillorying and the lobbing of catchy but insubstantial soundbites''

Then consider this one:

''Those who were in charge as the crisis developed have left the industry now''

Now, using your skill and judgment, see if you can spot the inconsistency.