New Rules for Banks by 2019

The Independent Commission on Banking (ICB), set up in September 2010 to promote financial stability, published its final report this week. Its proposals should be implemented by 2019.
New Rules for Banks by 2019
A view of the City. Britain's banks will have to make costly structural reforms after the Independent Commission on Banking (ICB) said banks should 'ring-fence' retail operations and increase capital reserves. Chancellor George Osborne told Parliament the changes should be implemented by 2019. Oli Scarff/Getty Images
|Updated:

<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/124741141.jpg" alt="A view of the City. Britain's banks will have to make costly structural reforms after the Independent Commission on Banking (ICB) said banks should 'ring-fence' retail operations and increase capital reserves. Chancellor George Osborne told Parliament the changes should be implemented by 2019. (Oli Scarff/Getty Images)" title="A view of the City. Britain's banks will have to make costly structural reforms after the Independent Commission on Banking (ICB) said banks should 'ring-fence' retail operations and increase capital reserves. Chancellor George Osborne told Parliament the changes should be implemented by 2019. (Oli Scarff/Getty Images)" width="320" class="size-medium wp-image-1797678"/></a>
A view of the City. Britain's banks will have to make costly structural reforms after the Independent Commission on Banking (ICB) said banks should 'ring-fence' retail operations and increase capital reserves. Chancellor George Osborne told Parliament the changes should be implemented by 2019. (Oli Scarff/Getty Images)
Louis Makiello
Louis Makiello
Author
Related Topics