“Tempers can flare in the debate over banking. ‘Barking mad‘ was the description attached to one likely proposal by the head of the CBI. John Cridland is right in a way; something about this discussion is insane.  Mr Cridland’s hot words came in response to a likely proposal from the UK government’s Independent Commission on Banking: wholesale and retail operations of universal banks should have separate capital structures. The ICB argues that this would make a systemic failure less likely and less costly.”

Read the full story at The Financial Times