Banks should be allowed to fail in an orderly manner

Mark Littlewood speaks to ITV News

With the Vickers Report calling for higher capital reserves and for ring-fencing of retail and investment banking operations, amongst other proposals, Mark Littlewood, IEA Director General, spoke to ITV News and called for mechanisms to be developed whereby banks can fail in an orderly manner and whereby they do not threaten to bring the wider economy down with them.

Watch here.