Member

The consequence in all those situations is that the regulator is likely to take into account those risks and say “Well, okay, we need a buffer, we need some sort of cash, some sort of liquidity ratio”, as in the case of the FCA—I have heard the shadow regulator mention this—which often deals with banks. This is exactly the concern of the Brentfords of the world. I was written to by their chairman, who said: