Arab Today, arab today british lawmakers want more detail on bank ringfence plan
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

British lawmakers want more detail on bank ring-fence plan

Arab Today, arab today

Arab Today, arab today British lawmakers want more detail on bank ring-fence plan

London - AFP

Britain\'s Independent Commission on Banking needs to publish more detailed proposals on plans for banks to ring-fence retail operations from investment banking activities, lawmakers said Wednesday. The Commission, set up by the government last year to consider reform in the wake of the global financial crisis, has called for a \"ring-fencing\" of retail businesses so as to prevent investment division losses to sink the banks. The ICB\'s initial report, published in April, followed fierce criticism over so-called casino banking -- a term used to describe the high risks taken by investment bankers denounced for their role in the 2008 financial crisis. In a response published on Wednesday, parliament\'s influential treasury select committee said that the report lacked information. \"The ICB proposals for a ring-fence as yet contain little detail,\" said a statement from the committee, adding that this made it difficult to evaluate the \"pros and cons\" of the plans. \"We urge the ICB to come up with a more detailed analysis of the costs and benefits of various forms of ring-fence and with robust estimates of the cost to the banks and the social costs and attempt to secure some measure of agreement with the banks on these figures,\" the statement continued. There were concerns that suggestions for a more drastic overhaul -- full structural separation between retail and investment banking activities -- had not received sufficient analysis, it added. \"This thin treatment by the ICB of full separation ... is not convincing as a demonstration that full consideration has been given to this option. The ICB must explain in greater detail why they came to this decision,\" it said. The ICB, which will publish its final report on September 12, is seeking to protect borrowers and savers in the event of another financial crisis.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today british lawmakers want more detail on bank ringfence plan Arab Today, arab today british lawmakers want more detail on bank ringfence plan

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today british lawmakers want more detail on bank ringfence plan Arab Today, arab today british lawmakers want more detail on bank ringfence plan

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday