ICB final report - Headlines in the debate
The UK Independent Commission on Banking (ICB) has now issued its final recommendations for the structure and regulation of the UK banking Industry. As expected, the ICB’s 350-page report has confirmed its initial recommendation that the UK should adopt a package of measures to secure financial stability in future: ring-fencing of banks’ retail operations, much higher capital to back ring-fenced business and additional buffers of contingent capital and ‘bail-inable’ debt to help achieve orderly resolution. In this initial analysis, we answer five key questions in relation to financial stability, based on our preliminary reading of this report.
ICB final report (PDF)