Simmons’ James Bresslaw outlines the UK Government’s response to the ICB’s recommendations for a banking system reform
The Independent Commission on Banking (ICB) published its final recommendations on the reform of the UK banking system in September last year. The Government issued its formal response shortly before Christmas. The scale of the proposed reforms is immediately apparent from the first page of the Government’s response, which begins: “This Government is proposing the most far-reaching reform of British banking in our modern history”.
