Late last year the UK's Parliamentary Commission on Banking
Standards threw the Vickers ringfencing proposals into
The Commission, which was set up in the wake of the London
Interbank Offered Rate (Libor) scandal, recommended reforms
that instead called for the 'electrification' of the ringfence,
which would reserve the power to force the full separation of
banks' retail and investment arms.
But the Chancellor of the Exchequer, George Osborne, has
warned against 'unpicking the consensus' on Vickers by
resurrecting the notion of a return...