UK banking reforms come under attack

barbed-wire-and-wooden-fence-in-field

The Independent Commission on Banking's (ICB) plans to overhaul the banking system in the UK came under vicious attack on Monday.

In an interview published in the Financial Times, John Cridland, director-general of the Confederation of British Industry, a business lobby group, said the government would be "barking mad" to go ahead with the idea of ring-fencing British banks' retail operations away from their investment arms.

The ICB announced on Tuesday that it will release its final report on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: