{"id":9612,"date":"2011-04-11T09:06:33","date_gmt":"2011-04-11T08:06:33","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=9612"},"modified":"2011-04-11T09:06:35","modified_gmt":"2011-04-11T08:06:35","slug":"all-you-need-to-know-about-the-banking-commission-report","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/04\/11\/all-you-need-to-know-about-the-banking-commission-report\/","title":{"rendered":"All you need to know about the Banking Commission report"},"content":{"rendered":"<p>All you need to know about the Banking Commission report <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/d936551c-639d-11e0-bd7f-00144feab49a.html#ixzz1JCRTicQh\">can be summarised in this FT report:<\/a><\/p>\n<blockquote>\n<p>Shares in Britain\u2019s biggest banks rose on Monday following the publication of a government-sponsored report into the future of the sector.<\/p>\n<p>Shares in Barclays were among the strongest performers after the Independent Commission on Banking, chaired by Sir John Vickers, failed to call for the break-up of Britain\u2019s largest banks.<\/p>\n<\/blockquote>\n<p>Banks think they have got away with it, again.<\/p>\n<p>And they have.<\/p>\n<p>The splitting up of banks was the obvious thing to do. Ring fencing is a poor second best that can easily be circumvented by the banks through intra-group lending, much of which will no doubt be hidden offshore.<\/p>\n<p>The report is better than nothing.<\/p>\n<p>But a long, long way short of what was needed. And the banks are celebrating, Which tells us all we need to know.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All you need to know about the Banking Commission report can be summarised in this FT report: Shares in Britain\u2019s biggest banks rose on Monday<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/04\/11\/all-you-need-to-know-about-the-banking-commission-report\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70],"tags":[],"class_list":["post-9612","post","type-post","status-publish","format-standard","hentry","category-banking"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=9612"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9612\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=9612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=9612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=9612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}