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12 September 2011
Last updated at 01:44 ET
UK banks should ring fence their retail banking divisions to protect them from riskier investment banking arms, a government-backed commission has said.
Sir John Vickers' recommendations would mean banks had to put their retail operations behind a new firewall.
The most important banking activities for individuals and businesses such as making loans would be protected.
Outside the ring fence would be global wholesale investment banking, such as trading in derivatives.
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Sir John Vickers' recommendations would mean banks had to put their retail operations behind a new firewall.
The most important banking activities for individuals and businesses such as making loans would be protected.
Outside the ring fence would be global wholesale investment banking, such as trading in derivatives.
Powered By WizardRSS.com | Full Text RSS Feed | Amazon Plugin | Settlement Statement | WordPress Tutorials