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>> Well, I'm here at the Davos summit and have followed meetings and
followed conversation. Of course, one of the big topics of the discussion
here is how do we create a safer banking system?
And what has created a lot of interest is what the President of the
United States, Obama, has said about both limiting sort of the riskiest
activities that retail bank undertake like large-scale proprietary
trading. And also looking at the idea going forward
of a banking levy to better protect taxpayers against the instances of
banks getting into trouble. Now both these ideas are ideas that myself
and the British Conservative Party are very interested in, we'd like to
see this done internationally.
This is an international banking industry and talking to people here at
Davos, both officials and politicians, you get the sense that there is
quite a lot of support for this. It's a big challenge.
How do we have successful financial services for as many thousands of
people, make sure Britain remains a great center of global financial
services while at the same time protecting the British State and making
sure that the banking customers is serving its customers instead of
serving the businesses and it's spent on its credit.
So lots of interesting discussions. I feel that what the British Conservative
Party has set out is the right direction.
It's certainly with the mainstream of thinking here.
And I look forward to -- I've got one more day left, seeing what the
people have to say about this.