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Legal Briefing
The UK Government's response to the Vickers Report
Practice Area: Regulation and Compliance
Sector: Commercial and Retail Banking
Jurisdiction: England & Wales
Published: 10 January 2012
Law Firm: DLA Piper
Overview
On Monday 19th December, the Government announced that it was accepting the main recommendations of the report of the Independent Commission on Banking. In this briefing, Michael McKee, DLA Piper's head of the Financial Services Regulatory team, outlines the main elements of the requirements, costs and implementation of the report and why the Government's decision is a "significant setback for UK banks."
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