Banking Commission report

12/09/11

A deadline of 2019 for banks to implement radical reform has been put forward by the Independent Commission on Banking report.

The report calls for banks to ringfence their high street banking operations from their riskier investment banking arms in an attempt to prevent the need for any future taxpayer funded bailouts.

However the timetable for reform is already causing controversy with many MPs, consumer groups and trade unions questioning why change cannot take place sooner.
 

John Denham: Govt must address wider issue of bank lending

Ed Balls: Banking report should be the start point for reform

Former Lib Dem Treasury spokesman: Banking reform should not wait till 2019

BBA: Vital to understand potential effects of further banking reforms

George Osborne: Banking Commission has done a good job and govt will implement

Unite: Delay to 2019 kicks banking reform into long grass

Which?: We back Banking Commission's call for strong govt action

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