Europe Economics: Amazing that serious banking reforms have not yet been introduced

Andrew Lilico, from financial consultancy Europe Economics, says it is amazing serious banking reforms are yet to be introduced:

"If you have the right sort of reforms… which in this case ought to be means of making it easier for banks to be allowed go bust safely without causing problems for taxpayers or the wider economy, you should introduce them at the earlier possible opportunity.

"In fact, it's amazing that the crisis has gone on since 2007 and serious reforms have not yet been introduced."