There is no shortcut to improving financial stability, the ICAEW believes. Speaking in reaction to the release of the interim report from the Independent Commission on Banking (ICB), lain Coke, head of the ICAEW Financial Services Faculty, said: The report makes an important contribution to the debate on the future of banking, but a wider public understanding of the potential consequences of significant structural reform is needed. It is not possible to design a system that prevents banking failure.lt is a question of balancing the security of the banking system with the need to deliver finance for economic activity. There is no easy answer.
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