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Letter published in the FT on personal debt relief

April 9, 2015 2:09 PM
By Alan Bullion

April 9, 2015 12:23 am

 . . . while money's wasted on a banking quango

Sir, Just what the world needs now is most definitely not another banking quango

"Bishop recruited to restore faith in banks", April 2). Unfortunately, the Banking Standards Board appears to be yet another agglomeration of the so-called "great and the good", to judge from the names listed. Appointing bishops and philosophers, and former financiers, is hardly going to help restore public trust in banking, in contrast to what Dame Collette Bowe asserts. Where are the board representatives from the millions of those indebted in the UK, the many who do not have access even to basic banking, and those who have courageously managed to rebuild their lives and access to credit in the aftermath of debt? What a waste of £10m.

Alan Bullion