SIR John Vickers, the driving force behind bank ring-fencing, has backed so-called "electrification" of the barrier between institutions' retail businesses and riskier activities.
SIR John Vickers, the driving force behind bank ring-fencing, has backed so-called \"electrification\" of the barrier between institutions' retail businesses and riskier activities.
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Tim Sharp City Editor
Giving evidence to a parliamentary inquiry, Sir John, who headed last year's Independent Commission on Banking, said he supported calls for legislation that would give the Government reserve powers to break up banks if they try to find ways to circumvent the ring-fence.
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