Co-operatives UK had been asked to explore options for creating a mutualised Post Office, reporting back to the Government next spring. |
This should go down a bomb with the suits, along with his other suggestion that auditors should be mutualised, and take on a not-for-profit for true independence. |
The single resolution fund will be filled by bank levies and will initially consist of national compartments that will be gradually mutualised over ten years. |
Moscovici said, 'It is important we move towards a banking union in Europe so that mechanisms of control are mutualised. |
He has already supported calls for a rethink of the ownership of Scottish Water and said it should be mutualised. |
But a mutualised Northern Rock could, and the Co-op Society and leading economists have shown how that could be done. |