The UK’s regulators have published two
sets of consultations on ringfencing transfer schemes, adding
further detail to post-crisis plans to separate retail and
investment arms of the country’s banks.
But some counsel insist that regulatory initiatives
in the US and Europe introduced since the Vickers report have
made the plans untenable.
Under reforms first proposed four years ago by Sir
John Vickers, which have become the UK’s main
regulatory response to the financial crisis, banks with more
than £25 billion ($37.9 billion) of deposits must hive
off their consumer-facing business from riskier investment
The proposals themselves have been questioned in
recent months, as UK policy views on bank regulation has
Since the initial Vickers Report, regulatory initiatives
elsewhere have altered the landscape for...