In an announcement last Friday, the chairman of the
House of Commons Treasury Committee, the
Rt Hon Andrew Tyrie MP, announced that the Committee would soon begin an inquiry into bank capital standards: see
here. This follows the Committee's publication of a letter (
here,
pdf), from the
Governor of the Bank of England to the Committee, concerning the disagreement between
Sir John Vickers (chairman of the
Independent Commission on Banking) and the
Financial Policy Committee over the implementation of the
systemic risk buffer.
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