Vickers Report - Revision history

imported>Doug Williamson: Remove out of date link.

2022-08-18T19:54:11Z

Remove out of date link.

← Older revision		Revision as of 19:54, 18 August 2022
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	* [[Ring fence]]		* [[Ring fence]]
	* [[Volcker Rule]]		* [[Volcker Rule]]


	~~===Other links===~~
	[http://www.parliament.uk/business/publications/research/briefing-papers/SN06171/the-independent-commission-on-banking-the-vickers-report-the-parliamentary-commission-on-banking-standards The Independent Commission on Banking: The Vickers Report & the Parliamentary Commission on banking standards - Commons Library Standard Note]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:The_business_context]]		[[Category:The_business_context]]

imported>Doug Williamson: Date correction. 2011 not 2013.

2018-12-01T16:40:53Z

Date correction. 2011 not 2013.

← Older revision		Revision as of 16:40, 1 December 2018
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	The ~~2013~~ report of the UK's Independent Commission on Banking, named after the Commission's chairman Sir John Vickers.		The 2011 report of the UK's Independent Commission on Banking, named after the Commission's chairman Sir John Vickers.

imported>Doug Williamson: Update. Source: House of Commons Library https://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN06171

2018-12-01T16:39:52Z

Update. Source: House of Commons Library https://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN06171

← Older revision		Revision as of 16:39, 1 December 2018
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	The report of the UK's Independent Commission on Banking, named after the Commission's chairman Sir John Vickers.		The 2013 report of the UK's Independent Commission on Banking, named after the Commission's chairman Sir John Vickers.

	The ~~report~~'s main recommendations included the identification - and partial separation - of:
			The UK Government accepted the Commission's main proposals. Many of the recommendations of Vickers and of the independent Parliamentary Commission on Banking standards were given effect by the Financial Services (Banking Reform) Act 2013.


			The Vickers Report's main recommendations included the identification - and partial separation - of:

	(i) Retail banking (including retail deposit taking and small business lending); and <br>		(i) Retail banking (including retail deposit taking and small business lending); and <br>
	(ii) Riskier trading activities in the capital markets (sometimes also known as investment banking).		(ii) Riskier trading activities in the capital markets (sometimes also known as investment banking).


	The partial separation proposed in the report would be implemented by a "ringfencing" structure within the large banks currently undertaking both types of activity.		The partial separation proposed in the report would be implemented by a "ringfencing" structure within the large banks currently undertaking both types of activity.
Line 11:		Line 16:


	In simple terms the proposals ~~- if effective - would~~ prevent banks from speculating with retail deposits (and from jeopardising their future ability to make small and medium-sized business loans).		In simple terms the proposals were designed to prevent banks from speculating with retail deposits (and from jeopardising their future ability to make small and medium-sized business loans).

	The proposals of the Vickers Report were more moderate than a full separation of ownership (as required - for example - under the former US Glass-Steagall Act).		The proposals of the Vickers Report were more moderate than a full separation of ownership (as required - for example - under the former US Glass-Steagall Act).
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	* [[Ring fence]]		* [[Ring fence]]
	* [[Volcker Rule]]		* [[Volcker Rule]]


	===Other links===		===Other links===

imported>Doug Williamson: Update.

2018-10-06T20:30:57Z

Update.

← Older revision		Revision as of 20:30, 6 October 2018
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	The report of the UK's Independent Commission on Banking, named after the Commission's chairman Sir John Vickers.		The report of the UK's Independent Commission on Banking, named after the Commission's chairman Sir John Vickers.

	The report's main recommendations ~~include~~ the identification - and partial separation - of:		The report's main recommendations included the identification - and partial separation - of:

	(i) Retail banking (including retail deposit taking and small business lending); and <br>		(i) Retail banking (including retail deposit taking and small business lending); and <br>
Line 8:		Line 8:
	The partial separation proposed in the report would be implemented by a "ringfencing" structure within the large banks currently undertaking both types of activity.		The partial separation proposed in the report would be implemented by a "ringfencing" structure within the large banks currently undertaking both types of activity.

	Under the ringfencing proposals the capital and the stability of the retail banks would be protected from the claims of creditors of the banks' riskier trading activities. The intention of the proposals is that the retail banks should not require public (taxpayer) rescue again, following any future failures of banks' riskier trading activities.		Under the ringfencing proposals the capital and the stability of the retail banks would be protected from the claims of creditors of the banks' riskier trading activities. The intention of the proposals was that the retail banks should not require public (taxpayer) rescue again, following any future failures of banks' riskier trading activities.


	In simple terms the proposals - if effective - would prevent banks from speculating with retail deposits (and from jeopardising their future ability to make small and medium-sized business loans).		In simple terms the proposals - if effective - would prevent banks from speculating with retail deposits (and from jeopardising their future ability to make small and medium-sized business loans).

	The proposals of the Vickers Report ~~are~~ more moderate than a full separation of ownership (as required - for example - under the former US Glass-Steagall Act).		The proposals of the Vickers Report were more moderate than a full separation of ownership (as required - for example - under the former US Glass-Steagall Act).


Line 19:		Line 19:
	* [[Glass-Steagall Act]]		* [[Glass-Steagall Act]]
	* [[Independent Commission on Banking]]		* [[Independent Commission on Banking]]
			* [[Liikanen rule]]
	* [[Ring fence]]		* [[Ring fence]]
	* [[Volcker Rule]]		* [[Volcker Rule]]
	* [[Liikanen rule]]


	===Other links===		===Other links===
	[http://www.parliament.uk/business/publications/research/briefing-papers/SN06171/the-independent-commission-on-banking-the-vickers-report-the-parliamentary-commission-on-banking-standards The Independent Commission on Banking: The Vickers Report & the Parliamentary Commission on banking standards - Commons Library Standard Note]		[http://www.parliament.uk/business/publications/research/briefing-papers/SN06171/the-independent-commission-on-banking-the-vickers-report-the-parliamentary-commission-on-banking-standards The Independent Commission on Banking: The Vickers Report & the Parliamentary Commission on banking standards - Commons Library Standard Note]

			[[Category:Accounting,_tax_and_regulation]]
	[[Category:The_business_context]]		[[Category:The_business_context]]

imported>Doug Williamson: Layout.

2016-07-23T19:42:07Z

Layout.

← Older revision		Revision as of 19:42, 23 July 2016
Line 9:		Line 9:

	Under the ringfencing proposals the capital and the stability of the retail banks would be protected from the claims of creditors of the banks' riskier trading activities. The intention of the proposals is that the retail banks should not require public (taxpayer) rescue again, following any future failures of banks' riskier trading activities.		Under the ringfencing proposals the capital and the stability of the retail banks would be protected from the claims of creditors of the banks' riskier trading activities. The intention of the proposals is that the retail banks should not require public (taxpayer) rescue again, following any future failures of banks' riskier trading activities.


	In simple terms the proposals - if effective - would prevent banks from speculating with retail deposits (and from jeopardising their future ability to make small and medium-sized business loans).		In simple terms the proposals - if effective - would prevent banks from speculating with retail deposits (and from jeopardising their future ability to make small and medium-sized business loans).

imported>Doug Williamson: Layout.

2016-05-18T14:48:33Z

Layout.

← Older revision		Revision as of 14:48, 18 May 2016
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	(i) Retail banking (including retail deposit taking and small business lending); and <br>		(i) Retail banking (including retail deposit taking and small business lending); and <br>

	(ii) Riskier trading activities in the capital markets (sometimes also known as investment banking).		(ii) Riskier trading activities in the capital markets (sometimes also known as investment banking).

imported>Doug Williamson: Layout.

2016-05-13T15:48:22Z

Layout.

← Older revision		Revision as of 15:48, 13 May 2016
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	The report's main recommendations include the identification - and partial separation - of:		The report's main recommendations include the identification - and partial separation - of:

	(i) Retail banking (including retail deposit taking and small business lending); and		(i) Retail banking (including retail deposit taking and small business lending); and <br>

	(ii) Riskier trading activities in the capital markets (sometimes also known as investment banking).		(ii) Riskier trading activities in the capital markets (sometimes also known as investment banking).

imported>Doug Williamson: Link with Ring fence, Volcker Rule and Liikanen rule pages.

2015-11-08T21:11:59Z

Link with Ring fence, Volcker Rule and Liikanen rule pages.

← Older revision		Revision as of 21:11, 8 November 2015
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	* [[Glass-Steagall Act]]		* [[Glass-Steagall Act]]
	* [[Independent Commission on Banking]]		* [[Independent Commission on Banking]]
	* [[~~Ringfence~~]]		* [[Ring fence]]
			* [[Volcker Rule]]
			* [[Liikanen rule]]

imported>Doug Williamson: Layout.

2015-05-11T09:22:15Z

Layout.

← Older revision		Revision as of 09:22, 11 May 2015
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	== Other links ==		===Other links===
	[http://www.parliament.uk/business/publications/research/briefing-papers/SN06171/the-independent-commission-on-banking-the-vickers-report-the-parliamentary-commission-on-banking-standards The Independent Commission on Banking: The Vickers Report & the Parliamentary Commission on banking standards - Commons Library Standard Note]		[http://www.parliament.uk/business/publications/research/briefing-papers/SN06171/the-independent-commission-on-banking-the-vickers-report-the-parliamentary-commission-on-banking-standards The Independent Commission on Banking: The Vickers Report & the Parliamentary Commission on banking standards - Commons Library Standard Note]

	[[Category:The_business_context]]		[[Category:The_business_context]]

imported>Annbrookconsultancy@gmail.com at 12:10, 23 November 2014

2014-11-23T12:10:07Z

← Older revision		Revision as of 12:10, 23 November 2014
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	== Other links ==		== Other links ==
	[http://www.parliament.uk/business/publications/research/briefing-papers/SN06171/the-independent-commission-on-banking-the-vickers-report-the-parliamentary-commission-on-banking-standards The Independent Commission on Banking: The Vickers Report & the Parliamentary Commission on banking standards - Commons Library Standard Note]		[http://www.parliament.uk/business/publications/research/briefing-papers/SN06171/the-independent-commission-on-banking-the-vickers-report-the-parliamentary-commission-on-banking-standards The Independent Commission on Banking: The Vickers Report & the Parliamentary Commission on banking standards - Commons Library Standard Note]

			[[Category:The_business_context]]