CBI: Rushing into banking reform could stagnate economy

John Cridland, CBI director general, warns against rushing into banking reform due to economic risks on the Today programme:

"We're going to have a major problem if growth stagnates, and at that point, my businesses being able to get cash from their banks is critical.

"Anything which makes it harder for banks to keep the wheels of the economy well-oiled is not good timing."