• Medientyp: E-Artikel
  • Titel: An Assessment of the Independent Commission on Banking's Recommendations
  • Beteiligte: Armstrong, Angus
  • Erschienen: Cambridge University Press (CUP), 2011
  • Erschienen in: National Institute Economic Review
  • Sprache: Englisch
  • DOI: 10.1177/002795011121800108
  • ISSN: 0027-9501; 1741-3036
  • Schlagwörter: General Economics, Econometrics and Finance
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  • Beschreibung: <jats:p>The government set up the Independent Commission on Banking (ICB) to consider structural and non-structural measures to promote stability and competition in the UK banking system. They have produced a comprehensive assessment covering some of the key issues facing the banking industry. The ICB's three core recommendations are: a ring-fence to separate retail and wholesale banking activities; banks are required to have more lossabsorbing capital; and greater competition in retail banking markets. In some respects, the recommendations are a step back towards an earlier time of compartmentalised banking. The litmus test is whether they deliver a similar period of financial stability and economic growth.</jats:p>