Darling vows to 'get tough with banks'

Link to article: Channel 4

Last Modified: 12 Mar 2009
By: Jon Snow

Chancellor Alistair Darling tells Jon Snow that he plans to use the national and international banking regulators to keep banks in check.

In an interview with Jon Snow, the chancellor said -

"I'd also like to see another measure, which would give regulators a backstop power when times are good, not just to make sure that banks have enough capital to meet the downturn if one comes, but also a backstop power to stop banks from over-stretching themselves - because that is one of the problems we have had to face.