As recent data points towards an early recovery from the global recession, the outlook for the banking industry, where the economic instability began, still remains grim. The sector continues to struggle with a stagnating interbank lending system, and in recent months Bank of England Governor Mervyn King has highlighted time and time again how liquidity remains difficult to come by in the money markets. With liquidity problems unresolved, banks are faced with the challenge of higher funding costs and the need to attract more stable and widely spread finance.