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PPI Claim News - 17/11/2009

 
Loan Charges: Bank of England chief wants insurance against disaster

Banks should be made to fund an insurance scheme guarding the deposits of ordinary investors against external financial shocks, according to a leading figure at the Bank of England.

Paul Tucker, deputy governor for financial stability at the Bank, said that 'catastrophe insurance' could cushion banks from losses if they ran into trouble in a speech in Brussels.

If banks are unwilling to back such a scheme, the government could consider seizing their profits.

Some of Britain's major retail banks are currently in the process of being broken up to inject new competition into the sector.

Wednesday's Queen's Speech is expected to include a number of proposals for regulating banks and lenders.

For free advice on how to make a PPI Claim – Payment Protection Insurance claim or a credit card charges claim then call Belmont Thornton on 0845 526 0000 or fill in the Quick Claim form to be sent a free PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19464264-ADNFCR



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