Data (Use and Access) Bill [HL]: progress of the bill
The Data (Use and Access) Bill [HL] is at "ping pong" and will next be considered in the House of Commons on 10 June 2025.
![Data (Use and Access) Bill [HL]: progress of the bill](https://commonslibrary.parliament.uk/content/uploads/2020/08/finance-568x426.jpg)
This note summarises the main features proposed by the Vickers Commission to reform the UK banking market.
The Independent Commission on Banking: The Vickers Report & the Parliamentary Commission on banking standards (375 KB , PDF)
The Vickers Commission proposed a fundamental change in the way that banks in the UK are organised. The main change is that a ‘ring fence’ would separate retail ‘utility ‘ banking work from a range of investment banking and corporate finance activities. It also proposes that banks retain higher capital and loss absorbing reserves than is currently proposed under the Basel rules. The Government has accepted the Commission’s main proposals. Many of the recommendations of Vickers and of the Parliamentary Commission on banking standards (also discussed here) were given effect by provisions in the Financial Services (Banking Reform) Act 2013.
The Independent Commission on Banking: The Vickers Report & the Parliamentary Commission on banking standards (375 KB , PDF)
The Data (Use and Access) Bill [HL] is at "ping pong" and will next be considered in the House of Commons on 10 June 2025.
This briefing provides statistics and forecasts for household debt, guidance on how to interpret debt statistics and analysis on how debt effects the economy.
Answers to frequently asked questions relating to banking services, mortgages, general investments and credit scores.