Banking Regulation Reform
I was pushed to look at some of the Banking Regulation reform performed by the last government. My focus was to look at the Vickers aka Independent Commission on Banking and the legislative response. The key proposal is practical measures to protect domestic savings from foreign risk by de-merging or separating the retail and investment banking arms of the large banks. The next stage in this article would be to collect comments/link around the adequacy or otherwise of the timetable for adoption and the politics behind it. The Banking Reform Act was passed in 2013.
Here’s the links,
- a research Briefing at parliament.uk
- the report of the Independent Commission on Banking Regulation Reform at the National Archives site
- the Treasury press release on the Banking Reform Act
and the Treasury search engine