Britain’s banking commission must be bold
The UK's Independent Commission on Banking, set up by the government, is tasked with devising "structural measures that promote stability and competition, including the complex issue of separating retail and investment banking." It is due to report in September 2011.
Central Banking urges the Commissioners to be bold. It is beyond doubt that the financial system as it is exacerbates systemic risk and, what is more, enables conglomerate banks to engage in "heads I win, tails you lose" activities
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