The UK's Independent Commission on Banking recommends reform to boost financial stability and competition

May 2011
Mark D. Powell, John Reynolds, Charles Balmain

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The UK's Independent Commission on Banking has released its interim report proposing reforms of the banking sector to promote financial stability and competition. While the issues considered and the scope of the proposed reforms are significant, so too are the omissions. In particular, the link between financial stability and competition in the context of the reforms, is not fully explored.

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