The Vickers Commission’s failure

Laurence J. Kotlikoff, 26 October 2012



The UK is still reeling from the great financial crash. Real GDP remains below its 2007 level, the nation’s 8.4% unemployment rate is at a 16-year high, and youth unemployment is over 20% (BBC 2012). Over three million UK citizens can’t find work or have given up looking.

Topics: International finance, Macroeconomic policy
Tags: banking sector, financial regulation, UK, Vickers Commission

Ring-fencing is good, but no panacea

Viral Acharya, 25 October 2011



The recent report issued by the UK's Independent Commission on Banking, chaired by Sir John Vickers, provided recommendations on capital requirements and contained a proposal to ring‑fence banks – in particular, their retail versus investment activities.

Topics: Financial markets, International finance
Tags: bank capital regulation, capital requirements, ring-fencing, risk weights, Vickers Commission

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