King urges government to consider going beyond ring-fencing

mervyn-king

The UK government should implement the proposals of the Vickers commission in full, and consider full separation of the retail and investment arms of banks in future, Mervyn King, governor of the Bank of England, told a parliamentary commission today (November 22).

King gave evidence to the UK's Parliamentary Commission on Banking Standards, set up to assess the recommendations of the Vickers report for ‘ring-fencing' retail arms of banks in a separate legal entity to investment banks, while

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