Independent Commission on Banking: Publication of Interim Report

The Independent Commission on Banking published its Interim Report today. The Commission has been asked to consider structural and related non-structural reforms to the UK banking sector to promote financial stability and competition, and to make recommendations to the Government by September 2011.

The Interim Report sets out the Commission’s current and provisional views on the need for reform and on possible reform options, and it seeks views, evidence and analysis in response. The Commission has not reached final conclusions.