This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

UK Government: Government sets out plans to reform the structure of banking in the UK

( December 19, 2011, 17:12 GMT | Official Statement) -- MLex Summary: The UK government has set out plans for regulatory reform of banking, including ring-fencing the retail and investment arms of universal banks, a mandatory minimum leverage ratio for all banks, increased competitiveness in the sector, an agreement with institutions to make switching accounts easier and a requirement for banks to hold 10 percent of risk-weighted capital. The proposals were outlined in the so-called Vickers Report by the Independent Commission on Banking.Full statement and executive summary of report follows below. Full official government response to report attached below....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login