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	<title>Steve Baker MP &#187; Banking</title>
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	<link>http://www.stevebaker.info</link>
	<description>One life. Live it.</description>
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		<title>Three flaws in the Financial Services Bill</title>
		<link>http://www.stevebaker.info/2012/02/three-flaws-in-the-financial-services-bill/</link>
		<comments>http://www.stevebaker.info/2012/02/three-flaws-in-the-financial-services-bill/#comments</comments>
		<pubDate>Wed, 08 Feb 2012 14:35:20 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Central Banking]]></category>
		<category><![CDATA[Credit]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Moral Hazard]]></category>
		<category><![CDATA[Parliament]]></category>
		<category><![CDATA[Video]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10775</guid>
		<description><![CDATA[Under the heading, Osborne looks to limit damage of ‘credit busts’, the FT gives a neat summary of the Chancellor&#8217;s plans. In particular: He said the FPC would also look out for dangerous linkages in the financial system and identify exotic new instruments that might undermine stability. It would be charged with containing credit booms ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Lord Lawson condems the present accounting regime for banks</title>
		<link>http://www.stevebaker.info/2012/02/lord-lawson-condems-the-present-accounting-regime-for-banks/</link>
		<comments>http://www.stevebaker.info/2012/02/lord-lawson-condems-the-present-accounting-regime-for-banks/#comments</comments>
		<pubDate>Mon, 06 Feb 2012 11:52:24 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[Lord Lawson]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10747</guid>
		<description><![CDATA[In the Irish Times: ON JANUARY 1st 2005 the European Union imposed accounting rules on Irish banks containing a significant but simple flaw that had an impact on the fatal decision by the Irish government in 2008 to give Irish banks a blanket guarantee. via Bad loans were legally hidden as Lenihan made pledge. And ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2012/02/lord-lawson-condems-the-present-accounting-regime-for-banks/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Speech to Positive Money on money and banking</title>
		<link>http://www.stevebaker.info/2012/01/speech-to-positive-money-on-money-and-banking/</link>
		<comments>http://www.stevebaker.info/2012/01/speech-to-positive-money-on-money-and-banking/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 09:16:14 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Positive Money]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10676</guid>
		<description><![CDATA[A speech on money and banking given to Positive Money&#8217;s conference last October (sorry about the cold!): See also my writing on economics here and for The Cobden Centre]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2012/01/speech-to-positive-money-on-money-and-banking/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bank of England&#8217;s Haldane endorses concerns on bogus bank accounting</title>
		<link>http://www.stevebaker.info/2012/01/bogus-bank-accounting/</link>
		<comments>http://www.stevebaker.info/2012/01/bogus-bank-accounting/#comments</comments>
		<pubDate>Fri, 20 Jan 2012 10:52:52 +0000</pubDate>
		<dc:creator>Tim Hewish</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Adam Smith Institute]]></category>
		<category><![CDATA[Bank of England]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Banking Reform]]></category>
		<category><![CDATA[Cobden Partners]]></category>
		<category><![CDATA[Financial Crisis]]></category>
		<category><![CDATA[Gordon Kerr]]></category>
		<category><![CDATA[Law of Opposites]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10610</guid>
		<description><![CDATA[The Bank of England&#8217;s Executive Director Financial Stability, Andy Haldane, has set out the case for banks to be held to different accounting standards because the existing rules have may allowed banks to overstate their profits and exacerbate their losses. This is something I covered in a private members&#8217; bill last year, with particular reference ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Detlev Schlichter on Start the Week with Andrew Marr shortly</title>
		<link>http://www.stevebaker.info/2012/01/detlev-schlichter-on-start-the-week-with-andrew-marr-shortly/</link>
		<comments>http://www.stevebaker.info/2012/01/detlev-schlichter-on-start-the-week-with-andrew-marr-shortly/#comments</comments>
		<pubDate>Mon, 16 Jan 2012 07:55:06 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Detlev Schlichter]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Radio 4]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10574</guid>
		<description><![CDATA[Via The Cobden Centre, Detlev Schlichter, author of Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown writes: On Monday, 16th January, I will be one of four guests on Andrew Marr’s show Start the Week on BBC Radio Four. The programme will start at 9 am. There are a couple of ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Pressing the Chancellor on bank accounting</title>
		<link>http://www.stevebaker.info/2011/12/pressing-the-chancellor-on-bank-accounting/</link>
		<comments>http://www.stevebaker.info/2011/12/pressing-the-chancellor-on-bank-accounting/#comments</comments>
		<pubDate>Mon, 19 Dec 2011 21:15:06 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Parliament]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10450</guid>
		<description><![CDATA[Via Hansard: Steve Baker (Wycombe) (Con): Chapter 3 of the Government’s report, on loss absorbency, seems, perhaps reasonably, to take for granted the adequacy of accounting standards. I press the Chancellor in his forthcoming White Paper to consider seriously the pernicious effects of the international financial reporting standards, which were applied to banks by the previous ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/12/pressing-the-chancellor-on-bank-accounting/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Banker and economist to explain to Occupy St Paul&#8217;s how bankers falsify profits and misappropriate bailout funds</title>
		<link>http://www.stevebaker.info/2011/12/kerr-speaks-to-occupy/</link>
		<comments>http://www.stevebaker.info/2011/12/kerr-speaks-to-occupy/#comments</comments>
		<pubDate>Fri, 09 Dec 2011 11:23:27 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Books]]></category>
		<category><![CDATA[Corporatism]]></category>
		<category><![CDATA[Crony capitalism]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Gordon Kerr]]></category>
		<category><![CDATA[Kevin Dowd]]></category>
		<category><![CDATA[Occupy]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10393</guid>
		<description><![CDATA[Tomorrow, Saturday December 10th at 1.30pm, my colleagues Gordon Kerr and Kevin Dowd will appear on the steps of St Paul’s Cathedral to explain how bankers falsify profits and misappropriate bailout funds for personal benefit. Kerr will set out: How derivatives transactions are structured to game flawed accounting rules and Basel regulations and create illusory ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/12/kerr-speaks-to-occupy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>We won&#8217;t achieve financial stability under IFRS</title>
		<link>http://www.stevebaker.info/2011/12/we-wont-achieve-financial-stability-under-ifrs/</link>
		<comments>http://www.stevebaker.info/2011/12/we-wont-achieve-financial-stability-under-ifrs/#comments</comments>
		<pubDate>Thu, 01 Dec 2011 18:12:16 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[IFRS]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/2011/12/we-wont-achieve-financial-stability-under-ifrs/</guid>
		<description><![CDATA[I spoke by Skype link to the Local Authority Pension Fund Forum this afternoon on a panel about the International Financial Reporting Standard and its faults. The LAPFF has just published a report which critiques the Standard as a key contributor to the financial crisis. I first met IFRS in a technical capacity when working ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/12/we-wont-achieve-financial-stability-under-ifrs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Something to look forward to from the BBC on money and banking (perhaps)</title>
		<link>http://www.stevebaker.info/2011/11/something-to-look-forward-to/</link>
		<comments>http://www.stevebaker.info/2011/11/something-to-look-forward-to/#comments</comments>
		<pubDate>Thu, 17 Nov 2011 11:45:21 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[BBC]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Video]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10198</guid>
		<description><![CDATA[In this mad age of yet further taxpayer-backed lending, the BBC&#8217;s new series may or may not be something to look forward to: More here]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/11/something-to-look-forward-to/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Why Is There a Euro Crisis?</title>
		<link>http://www.stevebaker.info/2011/11/why-is-there-a-euro-crisis/</link>
		<comments>http://www.stevebaker.info/2011/11/why-is-there-a-euro-crisis/#comments</comments>
		<pubDate>Sat, 12 Nov 2011 11:40:14 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Central Banking]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[euro]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Money]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10175</guid>
		<description><![CDATA[From a magnificent article by Philipp Bagus – Why Is There a Euro Crisis? Today&#8217;s banks are not free-market institutions. They live in a symbiosis with governments that they are financing. The banks&#8217; survival depends on privileges and government interventions. Such an intervention explains the unusual stock gains. On Wednesday night, an EU summit had limited the ]]></description>
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		<slash:comments>0</slash:comments>
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