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Legal Briefing
The Vickers report: what the recommendations mean for the future of banking in the UK
Practice Area: Regulation and Compliance
Sector: Investment Banking
Jurisdiction: England & Wales
Published: 06 October 2011
Law Firm: Shearman & Sterling
Overview
Amongst the Independent Commission on Banking's recommended reforms were ring-fencing UK banks’ retail banking operations, higher capital requirements for UK retail banks, preferential status for insured deposits in a bank insolvency and measures to increase competition in the UK banking sector.
This briefing from Shearman & Sterling looks in detail at these key recommendations and their likely impact. Click 'View Briefing' to read on.
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