UK’s ‘Big 5’ less competitive as result of ICB Ring Fencing

Banking Commission – PART 2

Independent Banking Commission Separation In order to satisfy the Banking Commission’s spirit (as opposed to the letter of whatever the commission comes up with) there appear to be four levels of separation required. Legal Entity Separation; Operational Separation;...
UK’s ‘Big 5’ less competitive as result of ICB Ring Fencing

Banking Commission – PART 1

How are Retail and Investment Banking connected and how did this come about (Bank Group Treasury)? Money Markets Let us consider the simplest retail bank imaginable, a small credit union or building society (a savings and loans bank in international banking jargon)....