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The Independent Commission on Banking published its Interim Report today. The Commission has been asked to consider structural and related non-structural reforms to the UK banking sector to promote financial stability and competition, and to make recommendations to the Government by September 2011.

The Interim Report sets out the Commission’s current and provisional views on the need for reform and on possible reform options, and it seeks views, evidence and analysis in response. The Commission has not reached final conclusions.

Notes to Editors

A press conference will be held at 10:30am on 11 April. A copy of Sir John Vickers’ speaking note will be made available via the Commission’s website shortly afterwards.The Commission’s website is: http://bankingcommission.independent.gov.ukThe Commission’s Interim Report can be found at: http://bankingcommission.independent.gov.uk/bankingcommission/news-and-publications/The Commission is due to publish its final report in September 2011.The members of the Independent Commission on Banking are Sir John Vickers, Clare Spottiswoode, Martin Taylor, Bill Winters and Martin Wolf.Press enquiries should be directed to the Commission’s Duty Press Officer on 07787 059 259.

Contacts:

ICB Duty Press Officer
Mobile: 07787 059 259
nds@enquiries.gsi.gov.uk

Ruth Curtice
Phone: 07787 059 259
ruth.curtice@bankingcommission.gsi.gov.uk