The Future of Banking and Financial Regulation Summit 2011

2011 could prove to be a crucial year for banking and financial regulation. The Independent Commission on Banking (ICB) has delivered its final recommendations and the Government is expected to introduce a Bill to amend the Financial Services and Markets Act. In combination, the ICB’s proposals and the intended overhaul of the regulatory framework could have a real impact on the industry.
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"The worst financial crisis in living memory highlighted the significant detrimental impact that failure in the financial sector can have on the real economy and the public finances. We need a proper debate about the future structure of banks, the relationship between retail and investment banking, and the question of how to ensure greater competition in the banking industry."

Rt Hon George Osborne MP, Chancellor of the Exchequer, June 2010

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