Banking Commission report

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.
 

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