The Live Wire



Press Release

London First responds to ICB report

12 September 2011

London First today responded to the Independent Commission on Banking (ICB) report

Baroness Jo Valentine, Chief Executive of London First, said:

“We welcome the Commission's approach of weighing the benefits of increased stability with the impact on growth, in particular their more flexible approach to timing of increased capital requirements and the operation of the proposed ring-fence. Before these radical proposals are put into practice, the Government must undertake and publish a detailed impact assessment which considers the cost to UK competitiveness of all the post-crisis reforms. We need to get the maximum increase in the stability of the UK's banking system with the minimum hit to our competitiveness.”



Press releases, papers and documents published on this page are the intellectual property of an organisation unrelated to Central Lobby. We promote their parliamentary and political campaigning activities as they are subscribers to the Central Lobby service.

As such, Central Lobby does not edit, endorse, or attempt to balance the opinions expressed on this page. The content of press releases and other such types of content are the responsibility of the originating organisation.

London First

London First

More from Dods

© Dods Parliamentary Communications Ltd