EFTA01878650Set 10
2012-07-096p2,943w
separate entities, with the retail functions ringfenced with their own higher capital
levels. The Vickers Commission recommended that all derivatives services should be kept outside this
ringfence.
The UK government ... loan book funding, rather
than wild gambles or duplicity in the securities markets. The Vickers Commission explicitly recognised
this by focusing on raising capital standards at the retail banks that
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01878650.pdf