The UK Banking Crisis Report - Democratic Underground

malaise

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Mon Apr-11-11 04:41 AM
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The UK Banking Crisis Report

Edited on Mon Apr-11-11 04:42 AM by malaise

Live presser on BBC International now
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Retail banks should be ring-fenced, says commission
http://www.bbc.co.uk/news/business-13032403
<snip>
UK banks' retail operations should be "ring-fenced" from their investment banking arms, the Independent Commission on Banking has recommended.

However, in its interim report the commission stopped short of recommending the two should operate as separate entities.

It said more competition was needed in retail banking, including the sell-off of more Lloyds branches.

The commission's final recommendations will be published in September.

The banking commission was set up by the government last June to review UK banks after the financial crisis.
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PDF
http://news.bbc.co.uk/2/shared/bsp/hi/pdfs/11_04_11_ibc_report.pdf

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xchrom

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Mon Apr-11-11 05:55 AM
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1. recommend

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