RSSAN ANNOUNCEMENT yesterday that the Policy Council had agreed to ‘a measured course of action which will maintain confidence in the local banking sector and address the concerns of local depositors’ will be followed by an immediate question from islanders: What, by doing nothing?
CONFIRMATION from the Commerce and Employment minister that her board is, indeed, treating the introduction of some form of protection of depositors scheme as a priority is a welcome development - and it also marks a considerable policy shift.
CHANNEL Islands Stock Exchange chief executive Tammy Menteshvili was spot on in her comments published yesterday that we are living in unprecedented times and that history is being rewritten.
NEARLY 300 staff at Fortis had only to look at yesterday’s headlines – the Daily Telegraph’s Staring into the Abyss was typical – to see how fortunate they were that a £9bn rescue package had secured their jobs and future.
THE first blue plaques were erected in London almost 140 years ago to mark a connection, either lifelong or fleeting, between a famous person and a place.
THE nationalisation of Bradford & Bingley this morning hammers another nail into the coffin of the freewheeling financial world of the boom years.
CREATING a clearer divide between politics and policing took a welcome step forward the week. As the States gave an initial nod to plans for a so-called Law Enforcement Commission, it was effectively agreeing in principle two things that will have a far-reaching significance for us all.
AMID the doom and gloom of falling stock prices, rising taxes and a faltering housing market it is all too easy to lose a sense of perspective.
Bank crisis reveals gap in powers
WEEKEND headlines - including those about the emergency summit of European Union leaders on the global financial crisis and Iceland’s economy, said to be on the brink of collapse - reinforced the seriousness of the Policy Council announcement on Friday about maintaining confidence in the local banking sector and addressing the concerns of local depositors.