Banking Commission chief makes case for ring-fencing retail operations


Sir John Vickers, the head of the UK's Independent Commission on Banking, on Saturday discussed the desirability of some separation between investment and retail banking, while ruling out a radical structural overhaul that would produce narrow banks.

Vickers, a former chief economist at the Bank of England, said that although the commission would not advocate a "radical form of narrow banking", the rationale underpinning the idea was appealing as it foisted risk back onto markets.

Addressing the

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