How should regulators deal with the credit squeeze?
The chief executive of Britain's Financial Services Authority, Hector Sants, has warned that the continuing crisis in the world's credit markets will force banks to change the way they do business. What action should regulators take to ease the problem?
In a BBC interview Mr Sants said banks would never again be able to raise a high percentage of their borrowing by using their own loans as security.
Mr Sants suggested that the days of cheap credit may have gone for ever.
The US Federal Reserve chief Ben Bernanke has hinted that the central bank is prepared to cut interest rates again to help ease recession fears. US interest rates were reduced twice in January.
What is your reaction to Hector Sants' warning? How should he deal with the crisis? What can the banks do to help their customers? How is the credit squeeze affecting you?
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