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Press Release

IMA welcomes ICB final report

12 September 2011

Responding to the Independent Commission on Banking (ICB)'s final report, Guy Sears, Director of Wholesale said:

“The IMA welcomes today's ICB final report, particularly its recommendation for retail ring-fencing in UK banks. We have always supported some form of ring-fence and the arguments for separating retail banking from global wholesale and investment banking are sound.

“This is a thoughtful policy approach for protecting taxpayers from the potential damage of another banking blow-up.”



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Investment Management Association

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