Osborne quizzed over banking commission recommendations

george osborne

The UK Chancellor of the Exchequer, George Osborne, was pressed by the Parliamentary Commission on Banking Standards yesterday to explain why he has diluted its proposals on capital ratio rules, and on splitting up investment and retail banking operations from new UK banking legislation.

Pat McFadden, an MP from the opposition Labour party, quizzed Osborne on why he had rejected the commission's proposal to enforce separation of investment and retail banking operations in the UK – in favour of

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: