UK banks eye changes – answers
questions
- What threat is confronting British banks? the requirement to split up their retail and high risk trading activities
- Who is behind the panel? the UK government
- Which noun is used to describe the investigations the panel will carry out? a probe
- When was the ICB set up? 3 months ago
- What does the ICB hope to find out? whether the British banks are too powerful
- Which options are being favoured by the ICB? none
- What needs careful analysis? various forms of separation
- How can riskier parts of the banks be made ‘free to fail’? by creating a modular system
- Who welcomed the ICB’s initial plan? the British Bankers Association
- What must not be affected by any future proposals? the UK’s standing as a top financial centre