30 August 2011: Independent Commission on Banking: details of publication of final report

Independent Commission on Banking: meeting on 1st August

The Independent Commission on Banking held its thirteenth meeting on Monday 1st August. The Commission reviewed and discussed further analysis of reform options including a UK retail ring-fence, measures to increase loss absorbency and measures to promote competition in UK retail banking.

Notes to Editors

1. The Commission’s Interim Report can be found on its website at: http://bankingcommission.independent.gov.uk

2. The Commission’s final report is due to be published on Monday 12th September 2011.

3. The members of the Independent Commission on Banking are Sir John Vickers, Clare Spottiswoode, Martin Taylor, Bill Winters and Martin Wolf.

4. Press enquiries should be directed to the Commission’s Duty Press Officer on 07787 059 259.

Independent Commission on Banking: meeting on 13th June

The Independent Commission on Banking held its eleventh meeting on Monday 13th June. The Commission noted the evidence provided to the Treasury Select Committee in relation to its Interim Report. The Commission reviewed and discussed further analysis of reform options including a UK retail ring-fence, measures to increase loss absorbency and measures to promote competition in UK retail banking.

The Commission agreed that it will publish its final report on Monday 12th September 2011.

Notes to Editors

1. The Commission’s Interim Report can be found on its website at: http://bankingcommission.independent.gov.uk

2. The members of the Independent Commission on Banking are Sir John Vickers, Clare Spottiswoode, Martin Taylor, Bill Winters and Martin Wolf.

3. Press enquiries should be directed to the Commission’s Duty Press Officer on 07787 059 259.

Independent Commission on Banking: publication of Interim Report, 11 April 2011

The Independent Commission on Banking published its Interim Report today. The Commission has been asked to consider structural and related non-structural reforms to the UK banking sector to promote financial stability and competition, and to make recommendations to the Government by September 2011.

The Interim Report sets out the Commission’s current and provisional views on the need for reform and on possible reform options, and it seeks views, evidence and analysis in response. The Commission has not reached final conclusions.

Notes to Editors

1. A press conference will be held at 10:30am on 11 April. A copy of Sir John Vickers’ speaking note will be made available via the Commission’s website shortly afterwards.

2. The Commission’s website is: http://bankingcommission.independent.gov.uk

3. The Commission’s Interim Report can be found at: http://bankingcommission.independent.gov.uk/bankingcommission/news-and-publications/

4. The Commission is due to publish its final report in September 2011.

5. The members of the Independent Commission on Banking are Sir John Vickers, Clare Spottiswoode, Martin Taylor, Bill Winters and Martin Wolf.

6. Press enquiries should be directed to the Commission’s Duty Press Officer on 07787 059 259.

Independent Commission on Banking: meeting on 10th and 11th February 2011

The Independent Commission on Banking held its seventh meeting on the 10th and 11th February.

The Commission discussed the planned structure and contents of its Interim Report which will be published in April.

Notes to Editors

1. The Commission’s website is: http://bankingcommission.independent.gov.uk

2. The Commission’s Issues Paper can be found at: http://bankingcommission.independent.gov.uk/wp-content/uploads/2010/07/Issues-Paper-24-September-2010.pdf

3. The members of the Independent Commission on Banking are Sir John Vickers, Clare Spottiswoode, Martin Taylor, Bill Winters and Martin Wolf.

4. Press enquiries during office hours should be directed to the Commission’s Duty Press Officer on 07787 059 259.

Independent Commission on Banking: Publication of responses received

The Independent Commission on Banking today published on its website the responses received to its Issues Paper.

Notes to Editors

1. The Commission’s website is: http://bankingcommission.independent.gov.uk

2. The Commission’s Issues Paper can be found at: http://bankingcommission.independent.gov.uk/wp-content/uploads/2010/07/Issues-Paper-24-September-2010.pdf

3. The published responses and a summary of them can be found at: http://bankingcommission.independent.gov.uk/responses

4. All responses have been published except where the author requested confidentiality.

5. The members of the Independent Commission on Banking are Sir John Vickers, Clare Spottiswoode, Martin Taylor, Bill Winters and Martin Wolf.

6. Press enquiries during office hours should be directed to the Commission’s Duty Press Officer on 07787 059 259.

Independent Commission on Banking: Speech by Sir John Vickers

Sir John Vickers, Chair of the Independent Commission on Banking, made a speech about the Commission’s work today at London Business School. The full text is available on the Commission’s website.

Notes to Editors

1. Sir John Vickers was speaking at a conference entitled “Regulating Financial Intermediaries – Challenges and Constraints” organised by London Business School and the University of Chicago Booth School of Business.

2. The Commission’s website is: http://bankingcommission.independent.gov.uk

3. The Commission’s Issues Paper can be found at: http://bankingcommission.independent.gov.uk/wp-content/uploads/2010/07/Issues-Paper-24-September-2010.pdf

4. The members of the Independent Commission on Banking are Sir John Vickers, Clare Spottiswoode, Martin Taylor, Bill Winters and Martin Wolf.

5. Press enquiries during office hours should be directed to the Commission’s Duty Press Officer on 07787 059 259.

Independent Commission on Banking: meeting on 10th January 2011

The Independent Commission on Banking held its sixth meeting on Monday 10th January.

The Commission reviewed the evidence received in response to the Issues Paper. It agreed to publish a summary of this evidence alongside the non-confidential submissions received.

The Commission also met with Paul Volcker and discussed the questions in the Issues Paper.

Sir John Vickers will talk about the Commission’s work in a speech on the 22nd January.

Notes to Editors

1. Sir John Vickers will be speaking at a colloquium entitled “Regulating Financial Intermediaries – Challenges and Constraints” which is being organised by the London Business School and the University of Chicago Booth School of Business.

2. The Commission’s website is: http://bankingcommission.independent.gov.uk

3. The Commission’s Issues Paper can be found at: http://bankingcommission.independent.gov.uk/wp-content/uploads/2010/07/Issues-Paper-24-September-2010.pdf

4. The members of the Independent Commission on Banking are Sir John Vickers, Clare Spottiswoode, Martin Taylor, Bill Winters and Martin Wolf.

5. Press enquiries during office hours should be directed to the Commission’s Duty Press Officer on 07787 059 259.

Independent Commission on Banking Public Events – limited availability

Please note that the CBI event on 2nd December is now full to capacity and there are no remaining places available. To attend the public event in Cardiff on December 8th at 5.30pm, please contact eventsmailbox@wales.gsi.gov.uk .

Independent Commission on Banking: meeting on 25th November

The Independent Commission on Banking held its fifth meeting on Thursday 25th November. The Commission reviewed progress on its evidence gathering and discussed some of the key issues within its remit in more depth, including the separation of retail and investment banking, improving the loss absorbing capacity of the banking system, and competition in retail banking.

The Commission noted that it had received over 1200 pages of evidence in response to its Issues Paper from over 130 different individuals and organisations. The formal response period closed on 15th November but the Commission agreed that it would ask the secretariat to continue to review any further responses received before Christmas. The Commission noted that over 100 meetings had been held with third parties. In addition, the two public events held so far (attended by around 300 people in total in Leeds and Edinburgh) had also provided a diverse set of views on possible reform options.

The Commission has supplemented the publication of the Issues Paper by sending a much more detailed questionnaire to some key financial institutions and has received initial responses.

Notes to Editors

1. The Commission is holding a further three public events.

• 3pm on 2nd December 2010 at Church House, London. Hosted by the Confederation of British Industry and chaired by Sir John Vickers. To attend please email Hannah.Peachey@cbi.org.uk or call 0207 395 8167.
• 5.30pm on 8th December 2010 at the Pierhead building in Cardiff. Hosted by the Welsh Assembly Government, chaired by Martin Wolf, and focused on the banking needs of small and medium enterprises. To attend please email eventsmailbox@wales.gsi.gov.uk or eventsmailbox@cymru.gsi.gov.uk.
• 6pm on 13th December 2010 at 1 George Street, London. Hosted by Consumer Focus, chaired by Martin Taylor, and focused on consumer and retail issues. To attend please email Karen.connell@consumerfocus.org.uk

2. The Commission’s website is: http://bankingcommission.independent.gov.uk

3. The Commission’s Issues Paper can be found at: http://bankingcommission.independent.gov.uk/wp-content/uploads/2010/07/Issues-Paper-24-September-2010.pdf

4. The members of the Independent Commission on Banking are Sir John Vickers, Clare Spottiswoode, Martin Taylor, Bill Winters and Martin Wolf.

5. Press enquiries during office hours should be directed to the Commission’s Duty Press Officer on 07787 059 259.