Arab Today, arab today vickers report to be accepted in fullvince cable
Last Updated : GMT 16:05:44
Arab Today, arab today
Arab Today, arab today

Vickers report to be accepted in full - Vince Cable

Arab Today, arab today

Arab Today, arab today Vickers report to be accepted in full - Vince Cable

London - Arabstoday

The government will accept the Vickers report into banking \"in full\", Business Secretary Vince Cable has told the BBC. The Vickers report recommended separating a bank\'s retail business from its investment business. Mr Cable told the Andrew Marr show: \"We are going to proceed with the separation of the banks.\" On Monday, the Chancellor George Osborne gives a statement to parliament, after the government publishes its response to the report. Chaired by Sir John Vickers, the Independent Commission on Banking published its report in September into ways of avoiding bank failures in the future. It recommended that a bank\'s retail business should be ring-fenced from its investment business, with this and other recommendations being implemented by 2019. There has been widespread support for a government-backed commission that has recommended UK banks ring-fence retail from investment banking. The Vickers report said it would \"make it easier and less costly to resolve banks that get into trouble\". Separate entities The report recommends that ring-fenced banks should be the only operations granted permission by the UK regulator to provide \"mandated services\", which include taking deposits from and making loans to individuals and small businesses. It says that the different arms of banks should be separate legal entities with independent boards. Another of the ICB\'s recommendations is that banks must have a buffer to absorb the impact of potential losses or future financial crises - of at least 10% of domestic retail assets in top-quality form, such as shares or retained earnings. That is a stiffer target than the 7% recommended by the international Basel Committee on Banking Supervision. It also says the biggest banks should go further than this and have a safety cushion of between 17% and 20% of assets, made up of highest-quality assets topped up with bonds that can be easily converted to equity. The business lobby group, the CBI, has said this would not help business. The commission also recommends that steps should be taken to make it simpler to switch bank accounts, something that was welcomed by the CBI. The ICB wants a free current account redirection service to be formed by September 2013, with an improved system to catch all credits and debits going to a customer\'s old, closed account, including automated payments on debit cards and direct debits.  

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 vickers report to be accepted in fullvince cable Arab Today, arab today vickers report to be accepted in fullvince cable

 



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 vickers report to be accepted in fullvince cable Arab Today, arab today vickers report to be accepted in fullvince cable

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today IS caliphate's end 'in sight' after Raqa fall

GMT 14:48 2017 Sunday ,22 October

IS caliphate's end 'in sight' after Raqa fall
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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