John Vickers

Andrew Tyrie Says UK Banks Must Be Broken Up if 'Ring-Fencing' Fails

The New York Times via Reuters - Huw Jones

The Better Banking Law take: We applaud Andrew Tyrie's tough stance on implementing the UK statute based on Sir John Vickers' ring-fencing plan. Should the UK's big banks attempt to "game" the ring-fence, the result will be full separation of the retail arm to protect taxpayers.