We know several people filmed the panel debating members questions and we hope to be able to put some live footage up very soon. There were some very thought-provoking comments from the panel – here’s some of my favourites:
George Kerevan announced he will be applying for the job of top dog at the FCA – Yeah!!!! I’m sure he’ll get huge support from the SME sector – not so sure the major banks will be quite so keen although that is exactly what our banking sector needs – a regulator who isn’t intimidated by banks!
Anthony Stansfeld read the replies he got from Sir Jeremy Heyward, the cabinet secretary, who, having said he would meet with Anthony to discuss his concerns about the banking sector, then decided he wouldn’t meet and, apparently, would not give any explanation why. As Anthony said this is extraordinary behaviour. Anthony also said he believes HBOS must have known about the HBOS Reading fraud since 2008 – a fact Paul and I concur with as we’d been sending them evidence since 2007.
Noel was both very serious and very entertaining – he has a way with words. In particular his conclusion that Antonio Horta-Osorio is either a shit banker or a liar was a point appreciated by everyone in the audience and a point well made. If Mr HO didn’t know about the HBOS fraud, he’s not very good at his job and if he did know, he’s been lying ever since.
While Jonathan was the least inflammatory of the panel and very much the calm voice of reason, his final statements shocked us all. He reminded us that historically the penalty for senior Chinese bankers who allowed their banks to fail was beheading!!
Andy Verity was such a brilliant Chairman we decided to let the Q&A session run on for extra time and it probably would have gone on longer but for the unexpected arrival of the Shadow Minister for small business, Bill Esterson MP who came straight from the Labour Party Conference to talk to members.
Of course, the real stars of the show were our members and supporters who travelled from all over the Country to be with us yesterday. Thank you all so much for attending and many thanks also for the donations we received at the event – they are very, very welcome. For those who asked us for our bank details so they can donate online, our account details are on this link: http://www.smealliance.org/join-us.html
Again thanks to all for making it a fantastic event.