Banking structure reform gets go ahead from British government

The Houses of Parliament

The UK government on Monday published its response to the report by the Independent Commission on Banking (ICB), which set out plans to fundamentally reform the structure of banking in the UK.

The government says it agrees with the ICB's recommendations and sets out how it intends to legislate to create a "stable banking sector that supports lending to businesses and families, and removes the implicit taxpayer guarantee in the event of a bank failure".

The ICB's recommendations for the overhaul

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