UK banking commission moots reforms
Commissioners stress they have an open mind as to which structure will best suit British banking industry
The Independent Commission on Banking, the body tasked with reporting on how the British financial industry can best be structured, on Friday unveiled the options it is considering for structural reform.
"We have set out the key questions to be addressed, we outline a range of possible reform options to promote financial stability and competition, and we call for evidence on their strengths and weaknesses," Sir John Vickers, the chairman of the commission and a former Bank of England chief
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