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Independent Commission on Banking: Final Report on Competition in UK banking

( September 12, 2011, 07:45 GMT | Official Statement) -- MLex Summary: An independent commission in the UK has suggested banks should ringfence their retail divisions from their investment banking arms, but stopped short of recommending a full break-up. Banks could have until 2019 to implement the measures, if they are subsequently taken up by the government.The following is an excerpt of the final report of the UK government-appointed Independent Commission on Banking, chaired by Sir John Vickers. Click the attachment at bottom for the full report....

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