The independent Commission for banking presents this Monday an expected report with recommendations. Seeks to capitalize on the entities and minimize the risk of the banking bailouts. One of the recommendations passed by the creation of a ring of protection between business operations and investment. The Executive will decide whether those conclusions, apply or not although possibly not until after the next general election in 2015. Royal Bank of Scotland and HSBC believe that these measures would harm competitiveness with foreign banks. The banking sector of the United Kingdom will meet this Monday the scope of the proposed reform to improve its financial stability and prevent crisis like the 2008, which could include the separation of retail and investment banking activities. The independent Commission for banking (ICB, its acronym in English), sponsored by the Government, presents this Monday an expected report with recommendations for the restructuring of the sector, aiming to capitalize on the entities and minimize the risk that back to bail out banks with public money.
Although the Executive which will decide if those conclusions are implemented or not, the Minister of economy, George Osborne, has indicated that he is willing to do so, although possibly not until after the next general election in 2015. It is expected that the Commission, which already submitted an interim report in April, recommends a separation between investment banking activities and commercial (accounts current and savings, mortgages, etc), but what is not known is what limits would be imposed. It is possible that the panel of experts chaired by John Vickers, UNPD Office within the jurisdiction of the United Kingdom, proposes that both sides of the business are managed as subsidiaries financed independently (in a way that the branch of investment could break without affecting the customer deposits), an option that already have opposed the directors of major banks. The reactions of the banks, the Executive Director of the Royal Bank of Scotland, Stephen Hester, or the of the HSBC Stuart Gulliver, argue that such a measure would harm competitiveness with foreign banks and also would result in a higher cost of management that, warn, she moved to customers.