Economy

Ghost Dog

(16,881 posts)

10. Britain to accept ICB bank reforms in full

Mon Dec 19, 2011, 08:19 AM

Dec 2011

(Reuters) - Britain will accept proposals to shake up the country's banks on Monday, forcing lenders to form barriers between their retail operations and riskier investment arms to protect ordinary customers better in any future crisis.

Business secretary Vince Cable told the BBC legislation introducing reforms proposed by the government-sponsored Independent Commission on Banking would be completed within the current parliament, namely by mid-2015.

Finance minister George Osborne will issue his formal response on Monday to proposals laid out in September by the ICB, headed by John Vickers.

He may not go as far as Vickers wanted on forcing banks to hold debt that could absorb losses if they hit trouble, however.

The proposal on "bail-in" debt has been attacked by HSBC and Standard Chartered, who have threatened to quit their London headquarters for Asia.

/... http://uk.reuters.com/article/2011/12/19/uk-britain-banks-icb-idUKTRE7BI01B20111219

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STOCK MARKET WATCH, Monday, December 19, 2011. [View all] Hugin Dec 2011 OP

Reports this week. Hugin Dec 2011 #1

Why The European Debt Crisis Might Actually Be Over... Ghost Dog Dec 2011 #2

Thanks again for the xpost in LBN, Ghost Dog. Hugin Dec 2011 #3

The Eurozone�s policy breakthrough? Ghost Dog Dec 2011 #6

I'm much more interested in saving people than institutions Demeter Dec 2011 #26

Would you rather invest in Italy, or in Facebook? (points of view) Ghost Dog Dec 2011 #7

As long as nations borrow from banks, instead of generating their own means of exchange Demeter Dec 2011 #39

I nearly didn't make it this morning due to a local power cut... Ghost Dog Dec 2011 #11

what are they doing? nt xchrom Dec 2011 #12

As much as possible on as little as possible, I guess. Ghost Dog Dec 2011 #47

well damn. so does that involve the local electric company xchrom Dec 2011 #48

At the local council it's hookups, maintenance etc. Ghost Dog Dec 2011 #50

i know you're not in the u.s. -- but i don't know exactly where you are xchrom Dec 2011 #51

Azores or Canaries, I think Demeter Dec 2011 #58

fabulous -- i would love to visit the azores.nt xchrom Dec 2011 #75

Canary Island (when we stop singing, get out of the pit!) Ghost Dog Dec 2011 #85

Eurozone to pursue crisis action, Draghi inscrutable Ghost Dog Dec 2011 #5

or maybe not: IMF Loans Likely To Fall Short Of �200 Expected As UK Pulls Rescue Funding Roland99 Dec 2011 #31

or maybe so! Fed May Inject Over $1 Trillion To Bail Out Europe Roland99 Dec 2011 #34

Those SOBs! Demeter Dec 2011 #59

All that's happened is the Big Money went on Xmas break Demeter Dec 2011 #38

See post below for the Ghost of Christmas Yet to Come Demeter Dec 2011 #90

Asian Stocks Drop On EU Concerns, Kim's Death Ghost Dog Dec 2011 #4

Kim died early Saturday morning from fatigue? heart attack? something else??? DemReadingDU Dec 2011 #8

Timely reporting compared to the U$A Po_d Mainiac Dec 2011 #19

Was he swimming the Yalu River? rfranklin Dec 2011 #20

European Stocks Erase Early Losses Ghost Dog Dec 2011 #9

Britain to accept ICB bank reforms in full Ghost Dog Dec 2011 #10

morning xchrom Dec 2011 #13

Morning Demeter Dec 2011 #25

I'm so glad it went well! xchrom Dec 2011 #27

The thing is Demeter Dec 2011 #36

ok -- you know something i don't -- where did fuddnik go? xchrom Dec 2011 #40

See WEE Tansy_Gold Dec 2011 #43

well that makes me very unhappy -- i adore fuddnik. xchrom Dec 2011 #49

Firefox isn't displaying the toon for me DemReadingDU Dec 2011 #46

I was using IE when I posted it and I can see it with Safari. Hugin Dec 2011 #52

Do you have the source website? Demeter Dec 2011 #60

No. Hugin Dec 2011 #65

These are the sites Ozy left us for cartoons Demeter Dec 2011 #92

This one is cute Demeter Dec 2011 #93

And for domestic consumption... Demeter Dec 2011 #94

Are you running adblock or adban? Sometimes the addons are the problem. TalkingDog Dec 2011 #106

yes, both adblock plus and flashblock DemReadingDU Dec 2011 #108

Did you try rightclick, view/refresh image? Sometimes they just don't load. Other than that.... TalkingDog Dec 2011 #109

I just copy the link and browse it in IE, and the image appears DemReadingDU Dec 2011 #110

Fudds profile still states 'active" n/t Po_d Mainiac Dec 2011 #55

It was his choice, this time Demeter Dec 2011 #95

Goldman Sachs Winning CEOs as Global No. 1 xchrom Dec 2011 #14

Is It Trust, or Blackmail? Demeter Dec 2011 #24

When has it ever been anything else? n/t Tansy_Gold Dec 2011 #44

The starting point of Goldman Takeover is not clear Demeter Dec 2011 #61

europe: German Economic Growth to Drop Before Rebounding in 2013 , Bundesbank Says xchrom Dec 2011 #15

Euro in Crisis 8% Stronger Than Average Since 1999 as Losses Seen for 2012 xchrom Dec 2011 #16

Turkey Summoning of French Executives Before Armenian Vote Threatens Trade xchrom Dec 2011 #17

Spanish house prices decline for 14th consecutive quarter xchrom Dec 2011 #18

Hmm, maybe I should start house-hunting again. . . . n/t Tansy_Gold Dec 2011 #22

if i had the money -- i would SO get a place in spain. nt xchrom Dec 2011 #28

You need to choose _where_ in Spain. Ghost Dog Dec 2011 #45

Well, it's been more than 40 years since I was there, but Tansy_Gold Dec 2011 #56

Well, where �300,000 were sought 2 years ago it may be going for �150,000 now... Ghost Dog Dec 2011 #86

Even so, it's still out of the question because I have the dogs Tansy_Gold Dec 2011 #99

Forecast, schmorecast Tansy_Gold Dec 2011 #21

Britain's Mounting Distrust of Germany xchrom Dec 2011 #54

Pretty Grim Cartoon, Hugin Demeter Dec 2011 #23

It's a holiday thing. Hugin Dec 2011 #53

I laugh uproariously during that special, esp. when the commercials come on. Incongruity amuses TalkingDog Dec 2011 #107

Don�t Tax the Rich. Tax Inequality Itself. Demeter Dec 2011 #29

AS WALLY SAYS Demeter Dec 2011 #30

PRECIOUS-Gold eases as Fitch downgrade warning hurts euro xchrom Dec 2011 #32

Asia isn't happy this morning Demeter Dec 2011 #33

Flash in the pan Demeter Dec 2011 #62

Why we flee those crowded aisles xchrom Dec 2011 #35

Not to mention that you can't see, reach or do anything, nor get the cart down the aisle Demeter Dec 2011 #37

Old Dogs, New Tricks: Why More Seniors Are Starting Companies xchrom Dec 2011 #41

But is she making any money? Demeter Dec 2011 #63

south asia: India begins crucial week for anti-corruption bill xchrom Dec 2011 #42

India facing trade 'disaster xchrom Dec 2011 #57

I thought the WTO was just about dead Demeter Dec 2011 #64

the Queen of Snark strikes again! xchrom Dec 2011 #72

RBS told to shrink investment bank Demeter Dec 2011 #66

ECB warns of further contagion risks Demeter Dec 2011 #67

Ultra-cheap money is having the opposite to the desired effect Demeter Dec 2011 #68

Draghi warns on eurozone break-up Demeter Dec 2011 #69

Damned with faint plans Demeter Dec 2011 #70

Banks resist European pressure to buy government debt Demeter Dec 2011 #71

Credit agencies pile pressure on EU leaders Demeter Dec 2011 #73

That chart's out of date (Dec 14). Latest rates are half that (see post #2) Ghost Dog Dec 2011 #88

Spain's new prime minister pledges �16bn spending cuts Ghost Dog Dec 2011 #91

My G-d! The Spanish banks may have to mark to market their loans and recovered collateral from the amandabeech Dec 2011 #103

As you see, the so-called 'vigilantes' are not demanding similar action in the USA Ghost Dog Dec 2011 #104

I wonder if the vigilantes will get this guy to recant. amandabeech Dec 2011 #113

Van Rompuy sends EU leaders draft of fiscal union pact Demeter Dec 2011 #74

Markets on alert as European Union bosses face big decisions Demeter Dec 2011 #76

EU finance ministers to hold teleconference on Monday Demeter Dec 2011 #77

European Ministers Seek $261B in IMF Funds Demeter Dec 2011 #78

I Saw Gas for $2.85 this morning Demeter Dec 2011 #79

Commodity Investors Glum; Goldman Sees Rally Demeter Dec 2011 #80

Coffee Falls to One-Year Low as Inventories Gain; Sugar Rises; Cocoa Falls Demeter Dec 2011 #81

KPMG defends role over MF Global Demeter Dec 2011 #82

Chinese �hoops� hold back foreign banks Demeter Dec 2011 #83

Stores braced for poor Christmas Demeter Dec 2011 #84

Plan B � How to Loot Nations and Their Banks Legally By David Malone MUST READ!! Demeter Dec 2011 #87

To tell you the truth, I'm sorry I asked. The Answer is devastating Demeter Dec 2011 #89

Here's the crux of it, I think: Ghost Dog Dec 2011 #112

That might explain the run on AIG. n/t amandabeech Dec 2011 #114

Mortgage curbs mean fewer loans for the over-50s IN UK Demeter Dec 2011 #96

British Regulator Softens Mortgage Rules for Lenders� Existing Customers Demeter Dec 2011 #97

Happy Birthday, and Congrats to Yves Smith! Demeter Dec 2011 #98

FHFA Inspector General End Runs DoJ, Joins Forces With New York Attorney General Schneiderman Demeter Dec 2011 #100

This slump won�t end until 2031 / The Long Depression: The Slump of 2008-2031 by Matthew Lynn Demeter Dec 2011 #101

My guess is that by 2031 climate disaster bread_and_roses Dec 2011 #111

How Business Schools Got to Be the Way They Are Demeter Dec 2011 #102

Stocks hit daily lows as Bank of America stock drops below $5/share Roland99 Dec 2011 #105