Tyrie to scrutinise draft of UK’s Banking Reform bill

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The Commission on Banking Standards, chaired by Andrew Tyrie, plans to scrutinise the UK government's draft Banking Reform Bill to ensure it meets the main recommendations put forward by the Independent Commission on Banking (ICB), chaired by John Vickers, which set out to improve financial services regulation in the country.

The legislation – officially known as the Financial Services Bill – describes a "structural separation" between services essential for individuals and SMEs; and wholesale a

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