City finance partners have criticised Government plans to push ahead with proposals that will force Britain's banks to ring-fence their retail banking operations from the investment banking arms within the next eight years. Banks will have until 2019 to implement proposals in Sir John Vickers' Independent Commission on Banking report, which was released today (12 September) and called on the Government to enact the reforms as soon as possible.
September 12, 2011 at 01:08 PM
1 minute read
The original version of this story was published on Legalweek
City finance partners have criticised Government plans to push ahead with proposals that will force Britain’s banks to ring-fence their retail banking operations from the investment banking arms within the next eight years.
Banks will have until 2019 to implement proposals in Sir John Vickers’ Independent Commission on Banking report, which was released today (12 September) and called on the Government to enact the reforms as soon as possible.
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