February 13, 2015

Boris Johnson, if you want to help small digital companies in London, then you'd better travel to Basel than to New York

Sir, Gillian Tett writes about Boris Johnson, the major of London, going to New York in order to look for finance sources for small digital companies, start-ups, and who find access to finance difficult in a city like London that has so many banks, “The British tech industry needs a homegrown cash boost” February 13.

Why does not Boris Johnson travel to Basel and ask the Basel Committee to stop allowing banks to hold less equity when lending to those perceived as “safe” than when lending to “risky”, since that must clearly de-facto erode the interest of banks in lending to “risky” small businesses… like these small digital companies.