Pressing the switches

INCREASING COMPETITION IN RETAIL BANKING

Most commentary on the UK’s Independent Commission on Banking (ICB), which published its final conclusions in September 2011, has focused on the need to maintain financial stability and protect the taxpayer. Less attention has been paid to the ICB’s ideas for increasing retail competition, where some old ideas have been given new polish. The Commission’s final report suggests that it has moved on from a high profile divestment remedy to the fundamental causes of concern, where the argument has further to run.

Comments are closed.