At last Banks are being forced to change something!

It is refreshing to see that at last the banks are to be forced to speed up the electronic transfer of funds (see http://waynehough.blogspot.com/2005/01/banks.html for my original rant on this subject).

My only question is ‘why can’t this change be bought in until 2007 at the earliest?’ Surely it can be implemented almost immediately?

And the answer… the banks are going to cling to their £50m pot of cash for as long as they possibly can!

Still, at least it’s a start I suppose.