Daily Archives: July 2, 2012

On June 14 2012, I wrote a column [Two cheers for Britain’s bank reform plans] on the government’s plans to implement the recommendations of the Independent Commission on Banking, chaired by Sir John Vickers, of which I was a member.

I noted that the government had rejected the Commission’s recommendations on several points, in favour of the banks. After the scandal of the deliberate misreporting of the London Interbank Offered Rate (Libor), these concessions must now be reconsidered. Read more