An overview of the Government initiatives to support businesses through the coronavirus pandemic.
Documents to download
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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.
Documents to download
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The Independent Commission on Banking: The Vickers Report & the Parliamentary Commission on banking standards (375 KB, PDF)
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An overview of how business interruption insurance policies have been interpreted in the context of the coronavirus pandemic.
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The European Investment Bank lends to projects that contribute to growth and employment within Europe. This briefing gives a short overview of the Bank's membership and operation, and its future relationship with the UK.
