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Comment: UK banking panel pushes reform beyond scope of EU measures

By Lewis Crofts ( September 12, 2011, 13:30 GMT | Comment) -- The UK’s banking sector is facing its largest shake-up to date, to improve stability after the crisis and remedy a lack of competition. An independent commission’s report today is garnering attention for its proposed ‘insulation’ of retail banking from investment divisions, but its attempts to fit in with - and go beyond - EU-level measures is notable: in particular on capital requirements, bank account switching and Lloyds’ divestments.London and Brussels – The UK’s banking sector is facing its largest shake-up to date, to improve stability after the crisis and remedy a lack of competition. An independent commission’s report today is garnering attention for its proposed ‘insulation’ of retail banking from investment divisions, but its attempts to fit in with - and go beyond - EU-level measures is notable: in particular on capital requirements, bank account switching and Lloyds’ divestments....

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