The Vickers Commission’s failure

Laurence J. Kotlikoff, 26 October 2012

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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

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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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