Independent Commission On Banking

Independent Commission On Banking.

The Independent Commission on Banking will shortly be publishing its interim conclusions.  The commission was set up last June to conduct a review after the financial crisis highlighted the need to reduce the risk of future bailouts.  According to Danny Alexander, Chief Secretary to the Treasury, the government would put the interests of taxpayers' ahead of the interests of banks when considering a bank restructuring.

The commission is expected to recommend that banks put their investment banking operations into a separate subsidiary company that they own, which would have its own capital to be used to absorb losses if required, but which would also be allowed to go bust if it became insolvent.

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