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Tomorrow is the deadline for the submission of evidence to the commission. Report stealthily being passed around banking leaders as a plan of action for the case for the defence is a published week investment research report last by UBS.

The report takes Mervyn King, Governor of the Bank of England, tasks in his recent speech which highlights once more what he said was "absurd" levels of leverage and risk in the banking system.

In a cold analysis has much to recommend, UBS said that most polite way, Mr. King is a bit fragile on three large faits.Les banks national, Barclays, Lloyd's Banking Group and Royal Bank of Scotland, were a vital position ￡ 123bn higher in June of this year it was in 2007. At the end of 2011, this number is expected to have increased by more than EIROforum ￡.

If they have reduced levels of leverage to those proposed by the Governor, it would take an extra ￡ 757bn in additional shares. This is money which would not work to help the UK economy to grow. If risk does not give an adequate return, why not take the risk in the first place?

In addition, Mr. King regular refrain on the size of global banks as regards balances the debate does too-Big-to-no, is placed in context. ""Active assets in top 10 banks in the amount of UK 450pc than GDP," Mr. King has said. "RBS, Barclays and HSBC each individually with assets of UK GDP. ?

The obvious to draw any conclusion to listen to speech and read is that it is a Bad Thing.Mais as UBS report, do we want comprehensive international business HQ here (with their great balance sheets), or do we?

The leaders of the Bank, which will soon be called before the commission in a series of individual hearings (torture sessions, some are suggesting), must report UBS close at hand.

A Bank has been scouring the globe, look for other territories where the debate does too-Big-to-step has a traction whatsoever. They find an example of a country trying to its sector banking divisées.Elle is called Nigeria.

LISTEN TO THE UK ENTREPRENEURS

Expect to hear much in the next five days on the importance of entrepreneurship for the future of the economy britannique.Global Entrepreneurship Week offer a multitude of events of the United Kingdom carrying creators of wealth to discuss roads faster toward success and how we can better support the risk takers ("unjust and transplanters" to use expression now commonly used David Cameron) future.

A new report from the company UK to be published tomorrow will reveal what he calls the ambition list.it 50pc UK population gap expressed at least interest at starting a business.But 6pc people less actually engaged in this process, compared with 8pc in America, 15pc to the Brazil and 19pc in China.

"What is more, our pipeline is not enough healthy", says the report. "We are people second to the last of the g-7 percentage of working age is expected to start a business in the next three years.?

What should happen to construct, as the Prime Minister said to want, a nation of entrepreneurs? James Lohan, the founder of high range M. and Mrs Smith, hotel directory is clear. "Less bureaucracy, less taxes and a time limited assurance and PAYE payments for loss-making enterprises who are trying to build a brand, contributions stated in the report.

Reduced bank charges and a form of tax credits are also high on the list of more than 1,000 entrepreneurs and owners of small businesses surveyed.

If the United Kingdom remains serious to have a home for contractors, it is hoped that Mr Cameron and M. Osborne listen.

NO ACCOUNTING FOR EU

Imagine a company who had qualified its comptes.Investisseurs expect heads to roll, explanations to be coming and plan for change to ensure that the accounts were "clean" the next fois.Une second infringement would third catastrophique.Un terminal.

What happens if the accounts were qualified 16 times in a row? A pretty terrible state of affairs? but that is exactly what happened to the European Union where last week Auditors launched, once again, that the accounts of the European Union failed review careful nude.what ' such a State of things is so widespread that it goes almost without comment, unfortunately, tells us much gravy is the European budget process.

PETITE GUERRE, STEPS FROM MANY DEATHS

This is when a war not war? monnaie.Jim war when O'Neill, the new President of Goldman Sachs Asset Management, has been putting together an intelligent analysis of the latest G20 posturing on the position of China on its own currency.

Mr. O'Neill (a fan of Manchester United, but we'll leave this passage) reveals that since China has dropped its dollar in summer 2005, has increased on 20pc against the dollar and 14pc weighted based on trade.

"Now, by a stretch of imagination is quite a significant gesture," explains Mr. O'Neill in its latest report of points of view. "Listen to "currency war" providers and on the other this excitable talk, one might think that China did not allow their currencies move.?

Absolutely, M. o ' Neill, I hope that you have sent your report to the President of the United States.

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