UK: Banking Commission publishes issues paper and call for evidence

The Independent Commission on Banking - formed by the Government to make recommendations on the structure of the UK banking sector - has today published an issues paper and call for evidence: see here (pdf). The purpose of the paper is to invite views on some basic questions which will shape the Commission's recommendations. There are three broad topics on which the Commission is particularly keen to receive submissions: its objectives; options for reform; and the benefits and costs of the reform options.

At this stage the Commission has not ruled in (or out) any of the options for reform but it will, in the Spring next year, publish what it believes to be the leading reform options.