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Press Release

ABI respond to the chancellor's banking reform statement

20 December 2011

Michael McKersie, Assistant Director, Head of Capital Markets, ABI said: “While we support the implementation of the Vickers' recommendations it is critical that the detail is right. We therefore welcome the Government's announcement of further consultation as the detail is fleshed out, and we intend to contribute to the consultation process. We need banks to have a business model that makes them investable as regards both their equity and debt securities. And more generally we need banks that can provide sustainable funding to UK businesses including the companies in which we invest and to the UK economy in general.”



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Association of British Insurers

Association of British Insurers

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