LONDON, August 5, 2010 /PRNewswire-FirstCall/ -- UK banking group Barclays performs strongly against a backdrop of subdued economic activity helped by falling impairment charges, according to Group CEO John Varley. He also points to gross new lending in the UK, in the first half, of GBP18 billion as evidence that the bank is "wide open for business."
In an interview with online broadcaster http://www.cantos.com, the banking boss said he accepts the need for financial reforms but warns that getting the timing right on new regulations is vital for the economic recovery.
Mr Varley insists the way the reforms are introduced "needs to be sensitive to the demands of the economy".
The interview and transcript are available now on http://www.cantos.com/company/Barclays.
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