{"id":6131,"date":"2012-11-12T15:49:44","date_gmt":"2012-11-12T20:49:44","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6131"},"modified":"2012-11-12T15:49:44","modified_gmt":"2012-11-12T20:49:44","slug":"uk-bank-break-up-an-option-if-ring-fence-fails-vickers","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/12\/uk-bank-break-up-an-option-if-ring-fence-fails-vickers\/","title":{"rendered":"UK: Bank break-up an option if ring-fence fails &#124; Vickers"},"content":{"rendered":"<p>Matt Scuffham and Steve Slater write:<\/p>\n<blockquote style=\"background-color:#ccccff;\"><p>Britain could force banks to fully separate their retail operations from riskier areas if lenders fail to implement a &#8220;ring-fence&#8221; that sufficiently safeguards taxpayers or improves behavior, the architect of the plan said on Monday.<\/p><\/blockquote>\n<p>The Independent Commission on Banking, chaired by Sir John Vickers, recommends that UK banks &#8220;ring-fence&#8221; their retail operations to protect customers from riskier investment banking activities.<\/p>\n<p><a href=\"http:\/\/www.thisismoney.co.uk\/money\/news\/article-2229509\/BoE-official-Andy-Haldane-urges-tougher-ring-fencing-rules-banks.html#ixzz2C2Qmnr1H\" title=\"Daily Mail: BoE official Andy Haldane urges tougher ring-fencing rules for banks\" target=\"_blank\">Andy Haldane<\/a>, the Bank of England\u2019s financial stability director, commented last week that ring-fencing would only work if the retail operations have a separate management, pay structure and balance sheet.<\/p>\n<p>via <a href='http:\/\/www.reuters.com\/article\/2012\/11\/12\/us-banks-britain-vickers-idUSBRE8AB10B20121112'>Bank break-up an option if ring-fence fails: Vickers | Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Matt Scuffham and Steve Slater write: Britain could force banks to fully separate their retail operations from riskier areas if lenders fail to implement a &#8220;ring-fence&#8221; that sufficiently safeguards taxpayers or improves behavior, the architect of the plan said on Monday. The Independent Commission on Banking, chaired by Sir John Vickers, recommends that UK banks &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/12\/uk-bank-break-up-an-option-if-ring-fence-fails-vickers\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;UK: Bank break-up an option if ring-fence fails &#124; Vickers&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,33],"tags":[1883,2941,2963,3600],"class_list":["post-6131","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-uk-europe-countries-regions","tag-investment-banking","tag-retail-banking","tag-ring-fencing","tag-vickers-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UK: Bank break-up an option if ring-fence fails &#124; Vickers - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK: Bank break-up an option if ring-fence fails &#124; Vickers - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Matt Scuffham and Steve Slater write: Britain could force banks to fully separate their retail operations from riskier areas if lenders fail to implement a &#8220;ring-fence&#8221; that sufficiently safeguards taxpayers or improves behavior, the architect of the plan said on Monday. 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As a member of the UK\u2019s Independent Commission on Banking, under Sir John Vickers, I could not have asked for a better illustration of the unregulatable risks to which investment banks are exposed than Thursday\u2019s announcement of a loss of $2bn in \u201cunauthorised trading\u201d. No sane country\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8399,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/08\/vickers-calls-for-doubling-of-bank-capital-levels-ft-com\/","url_meta":{"origin":6131,"position":1},"title":"Vickers calls for doubling of bank capital levels | FT.com","author":"ColinTwiggs","date":"September 8, 2013","format":false,"excerpt":"\u201cIt is not very sensible to run a market economy on the basis of a banking system that is 33 times leveraged, let alone 40 or 50 times leveraged,\u201d Sir John [Sir John Vickers, Oxford academic who chaired the Independent Commission on Banking] told the Financial Times. He believes the\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5843,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/25\/we-should-go-further-unbundling-banks-andy-haldane-bank-of-england\/","url_meta":{"origin":6131,"position":2},"title":"We should go further unbundling banks &#124; Andy Haldane &#124; Bank of England","author":"Colin Twiggs","date":"October 25, 2012","format":false,"excerpt":"Andrew Haldane, BOE Director of Financial Stability, addresses the too-big-to-fail problem in a recent article and makes the point that reducing complexity would increase investor trust in the banking system and improve liquidity. .......Today, the Volcker proposals in the US, the Vickers proposals in the UK and the Liikanen proposals\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5485,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/","url_meta":{"origin":6131,"position":3},"title":"EU Commission Considering Splitting Up Banks to Avoid Future Bailouts &#8211; SPIEGEL ONLINE","author":"Colin Twiggs","date":"September 17, 2012","format":false,"excerpt":"By Martin Hesse and Christoph Pauly EU Commissioner Michel Barnier has asked experts to examine the possibility of splitting up major European banks to avoid future bailouts at taxpayers' expense. But even less radical intervention in the banking sector could have drastic consequences for the industry, and its powerful lobby\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10459,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/07\/30\/shilling-big-banks-shift-to-lower-gear-the-big-picture\/","url_meta":{"origin":6131,"position":4},"title":"Shilling: Big Banks Shift to Lower Gear | The Big Picture","author":"ColinTwiggs","date":"July 30, 2014","format":false,"excerpt":"Gary Shilling describes how US regulators are getting tough with big banks: Break-Up Like unscrambling an egg, it\u2019s hard to envision how big banks with many, many activities could be split up. But, of course, one of the arguments for doing so is they\u2019re too big and too complicated for\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Bank Price-to-Book Ratios","src":"https:\/\/i0.wp.com\/d21uq3hx4esec9.cloudfront.net\/uploads\/newsletters\/Image_5_20140730_OTB.gif?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/d21uq3hx4esec9.cloudfront.net\/uploads\/newsletters\/Image_5_20140730_OTB.gif?resize=350%2C200 1x, https:\/\/i0.wp.com\/d21uq3hx4esec9.cloudfront.net\/uploads\/newsletters\/Image_5_20140730_OTB.gif?resize=525%2C300 1.5x"},"classes":[]},{"id":38352,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/10\/27\/australia-and-new-zealand-banking-group-anz-3\/","url_meta":{"origin":6131,"position":5},"title":"Australia and New Zealand Banking Group (ANZ)","author":"Colin Twiggs","date":"October 27, 2022","format":false,"excerpt":"Stock: Australia and New Zealand Banking Group Exchange: ASX Symbol: ANZ Date: 27-Oct-22 Latest price: A$24.92 Market Cap: A$74.5 bn Fair Value: A$28.67 Forward DY: 5.5% Payback (Years): 13 Financial Y\/E: 30-Sep-23 Rating: HOLD Sector: Financial Industry: Banks Investment Theme: Dividends & Growth Macro Trends: Defensive Summary Australia and New\u2026","rel":"","context":"In &quot;Australian Growth&quot;","block_context":{"text":"Australian Growth","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/investment-allocation\/asx-growth\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=6131"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6131\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}