Supporting smaller banks could help the UK recover from the
current financial crisis, a management
expert will argue at a House of Commons event next week.
Professor Martin Parker, of the University of Leicester’s
School of Management, will explain why backing “mutual” institutions, such as
credit unions, small building societies, ethical and community banks should be
considered a viable alternative to pouring millions into “too big to fail” big
banks.
He will give his views at a House of Commons event exploring
“The Role of Mutuals in Retail Financial Services” on Tuesday, June 4.