Author Archives: Adrian Kamellard

The Independent View: The innovation revolution: How small banks and building societies are playing a significant part in creating competition through innovation.

Obama taking donations via Square mobile payment systemUp and down the country there are small but significant banks and building societies playing an important part in the day-to-day lives of customers and businesses. Yet they are not only helping customers locally, they are also changing the way we bank. The Cumberland Building Society will be familiar to Westmorland and Lonsdale’s Tim Farron MP, and despite a relatively small customer base compared to the traditional big banks, it is leading from the front when it comes to payments innovation and technology, offering …

Posted in Op-eds and The Independent View | Tagged , and | 4 Comments

The Independent View: Will competition and choice open up the banking sector for the better?

Credits CardsIn light of the launch of this week’s Current Account Switching Scheme, the Liberal Democrat conference was well timed to ask at a fringe meeting: “Will competition and choice open up the banking sector?”

In short, the scheme guarantees that anyone who wishes to move their current bank account to another institution will be able to do so hassle-free in seven working days. No burden is placed on the customer and it is all underpinned by a seven-day guarantee. This is real progress from the previous 30-day process and importantly the lack of a guarantee that often saw customers doing the legwork themselves. I hope to see positive effects of the changes in the months to come.

Posted in Conference and The Independent View | Tagged and | 2 Comments

The Independent View: How the Payments Council is delivering a payments system for all

Since the beginning of the financial crisis there has been real appetite for reform into how our financial sector works and how we want it to operate. The Liberal Democrats have played an important part in this, both from within Government as well as from the backbenches.

During its time in office, the Coalition has already introduced a Financial Services Act into law and is currently legislating for a Banking Reform Bill. In addition, there is also the ongoing Parliamentary Commission on Banking Standards, which I appeared in front of in late January.

Not only is Danny Alexander ensuring the Party’s view …

Posted in Op-eds and The Independent View | Tagged , and | 4 Comments
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  • User AvatarPeter Martin 12th Nov - 9:24pm
    frankie, OK This is your last chance. You probably think my business cards aren't worth very much. You won't have any "faith" in them as...
  • User Avatarfrankie 12th Nov - 9:07pm
    Peter, Just answer the question " What value has a currency have when people lose faith in it". When you've worked out that simple question...
  • User AvatarAndy Hyde 12th Nov - 9:05pm
    Gary J- Hearing how other Vietnamese people have been trafficked here, since this tragedy, often forced to Europe to pay off family debts at home,...
  • User AvatarGary J 12th Nov - 8:43pm
    But the victims here were not trafficked. They were economic migrants who made a voluntary decision to leave Vietnam and come to Britain illegally. If...
  • User AvatarAlex Macfie 12th Nov - 8:32pm
    @David Evans: I think your estimate of the number of seats we might win is flawed, because it assumes Uniform National Swing based on 2017...
  • User AvatarPeter Martin 12th Nov - 8:28pm
    "Public investment works if it triggers the deployment of private capital, but not as its substitute." ??? Private capital comes from public investment. If you...