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There are the terribly disingenuous "we are all in this together". It is particularly exasperated by the lips of those who have never experienced financial care worldwide. George Osborne was it once more on Wednesday when he delivered the comprehensive spending review, and I can't decide which is creepier: his lack of belief when he utters these words or passionate about David Cameron intensity.

Now that the Treasury is turning the screws on the banks, they deserve their own mantra. The collecting bank, whose details have been announced yesterday, "balances fairness and competition", apparently.I think that is going to be an exquisite coureur.Avec vagueness, the words suggests that banks will share the pain in a manner very just-in-ce-together, without the negative effects that may slow economic recovery.

But it is not at all clear that this will be the cas.Dans speech of CSR, Mr Osborne said "our objective will be to extract maximum sustainable tax financial services." I'm banking sector pay his way, but who do terribly wise method for the determination of the tax policy, even if it did, it worry on the mechanism to determine what is sustainable.

The goal is for the levy on the balance sheets of banks to raise ￡ 2 5bn, according to the Treasury, and formula was adjusted accordingly. In other words, it is a sort of tax for banks, although I imagine that Steve Forbes would be very impressed. May be the target of. 5bn ￡ 2 is designed to reassure the banks that, unlike the last Government levy tax bonus end raise much more than expected initially.

But it seems to be rather messy.The levy on the banks of the United Kingdom will be based on global, whereas foreign banks operating here only will be charged to their assets assets UK.Cela makes logical sense, given that the British taxpayer is potentially exposed to disturbances of a Bank of the United Kingdom global trade. But it will be messy, collection if double taxation is avoided (similar levies exist now or will soon be in most European countries).

In addition, for the Treasury to work if it. Bankers are still soliloquising on as punishment, although there are some honourable exceptions, including John Varley, Barclays CEO leaving who said recently that new Basel III requirements seem to be perfectly reasonable for the Financial Times.

In my view, there raison.Dans the wake of the financial crisis, capital and liquidity stricter appeals pursuant to Basel III requirements will be more robust banking system.The United Kingdom can copy Switzerland in the manufacture of its banks exceeds requirements minimales.Selon Mark Hoban, Financial Secretary of the Treasury, the fee will ensure that banks 'contribute fair as regards potential they represent for the UK financial system and the largest economy"and"encourage banks to make greater use of financial sources more stable, such as equity, in collaboration with the grain of our wider reform agenda and long-term debt."The first point is rather vague - what is a fair contribution?The second point is just enough so it goes, but liquidity requirements are a better tool of taxes to encourage banks to finance themselves appropriately.They do, however, help replenish empty crates.

All this, there is still talk of a global financial business tax, based on benefits or premiums;and Financial Services Authority of United Kingdom considering new requirements on compensation.

It is very likely requirements of Basel, full implementation can make returns of investment in certain sectors of investment banking services little attrayante.Ce is not necessarily a bad thing, but these lines should be drawn thoughtfully, step at random to measures cumulatifs.Mervyn King, the Governor of the Bank of England wanted to solve the problem of banks that are too big failure .the creation of special resolution regime will make it easier to deal with future Bank flickers but a kind of radical split commercial and banking investment favoured by King and others now seems unlikely, even though the Banking Commission envisages conscientiously option.

It appears instead of this, we rely on a wide variety of measures, including collection of the Bank, to discourage excessive risk-taking and reduce the probability and frequency of banks collapsed .c ' is perfect, but it requires coordinating global and local finesse.Ni is prominently.

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