Independent report

Government response to the Independent Commission on Banking: reforming UK banking structure

This publication was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Command Paper 8252. Government response to the report by the Independent Commission on Banking (ICB) which recommends fundamental reform the…

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Command Paper 8252. Government response to the report by the Independent Commission on Banking (ICB) which recommends fundamental reform the structure of banking in the UK. This response agrees with the ICB’s recommendations and outlines how the government will legislate to create a stable banking sector. It aims to support lending to businesses and families, and removing the implicit taxpayer guarantee in the event of a bank failure. HM Treasury sought views by 12 March 2012. See also the banking reform white paper URN 12/904.