Skip to main content

Newsroom

December 17, 2012

UK banks face threat of forced break-up

UK banks are facing the backstop threat of a break-up if they fail to comply with the proposed ringfencing of their retail operations as British lawmakers ponder ways to exert more pressure.

The Parliamentary Commission on Banking Standards, which is due to publish a report assessing the government-backed legislation late this week, is set to endorse the core Vickers proposals. But it is also leaning towards recommending a complete separation of retail and investment arms in case banks do not fully implement ringfencing, people with knowledge of the talks said.”

 

***

Read full Financial Times article here

 
In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today