Vickers implementation provokes operational risk concerns

westminster parliament

Key financial players in the City of London voiced concerns last week about the potential for operational risk when implementing the Vickers Report's reform proposals.

The recommendations to separate UK retail banking operations from investment banking operations were made in September 2011 by the Independent Commission on Banking, chaired by John Vickers, with a view to improve the stability of the UK banking system. The UK government has since confirmed it will be adopting the proposals

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