Judy Viitanen and the PRimage team are interested to learn more about the much-hyped plans involving £500bn committed to an asset protection scheme for the ‘toxic assets’ of the banking system. According to media reports this morning, Royal Bank of Scotland, Lloyds and Barclays are likely to be amongst the institutions making use of the scheme. Our view is that all the banking institutions should be doing more to identify the bad assets, these so-called ‘toxic assets’, investments that have gone wrong! What’s your view?
Let’s hope that the pledge from the EU for tougher action on the regulation and oversight of financial institutions, including hedge funds, will also help.