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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Recent Comments

  • User AvatarJoe Bourke 2nd Jun - 6:36pm
    Nick, I think you are a little too pessimistic about tax reform. This crisis may well provide the impetus for the kind of international cooperation...
  • User AvatarPeter Martin 2nd Jun - 5:55pm
    @ JoeB, "However, the UK has had a persistent deficit since the mid-1980s and a persistent current account deficit over the longer-term is another matter."...
  • User AvatarJohn 2nd Jun - 5:47pm
    There are an awful lot of past battles being poured over. Not many people are talking about the issues of the future. Policies need to...
  • User AvatarJulian Tisi 2nd Jun - 5:42pm
    No. We need to start talking to people about the issues that matter to them, not niche interests that matter only to us. Our philosophy...
  • User AvatarSimon McGrath 2nd Jun - 5:41pm
    "While people in the UK were suffering all manner of deprivation and threats to life, resistance forces in France and other countries were making their...
  • User AvatarNick Shcherban 2nd Jun - 5:34pm
    Hellow again Toby Keynes “ big media groups will be able to pour resources into supporting their preferred candidates” Yes this would be a bit...