Admittedly, the above is not a direct quote from the final report of the UK’s Independence Commission on Banking (the “Commission”) published on 12 September 2011 (the “Report).1 If implemented, the ...

Bank of England Governor Andrew Bailey cautioned that Britain’s biggest banks would likely scale back loans to small and medium businesses and households, hitting the economy, if ring-fencing rules ...

The financial system could face increased systemic risk, market participants argue, as the Independent Commission on Banking’s (ICB) latest report, led by Sir John Vickers, which aims to create a more ...

Bill Winters, a member of the Independent Commission on Banking, said its recommendations come at some cost to UK banks but will make them more competitive in the long run. The chief executive of ...

After the financial crisis of 2008, the government set up a committee which in 2011 recommended tough new rules in the hope of staving off future banking collapses. Key to this is 'ring-fencing', the ...