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.

How the U.K’s Version of Glass-Steagall Will Hit Big Banks

The Wall Street Journal - Paul J. Davies

The Better Banking Law take: Finally! The US Financial Press covers the UK's ringfencing plan and its similarities to Glass-Steagall.