UK Banking Commission chief makes case for ring-fencing retail operations

John Vickers, head of the UK's Independent Commission on Banking, on Saturday discussed the desirability of some separation between investment and retail banking, while ruling out a radical structural overhaul that would produce narrow banks.

Vickers, a former chief economist at the Bank of England (BoE), said although the Commission would not advocate a "radical form of narrow banking", the rationale underpinning the idea was appealing as it foisted risk back onto the markets.

Addressing the

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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