London (Reuters) - major financial regulators will decide the country's retail bank is what activities can be carried out next to shield the taxpayer from industry to get rid of the predicament of the new reform.
Last Friday issued bank draft reform bill, including the bank, its domestic retail business other forms of banking separate request, but it said, the so-called ring enclosure, with the range of secondary legislation, it will leave a lot of details.
This actually allowed successor, the financial services authority decision, can undertake banking in the British retail banking. The ring rail business, can not provide, such as to provide derived service, there are still a lot of uncertainty.
Reform bill, this also gives savers higher priority, in case of the lender car collision, the purpose is in the implementation of by an independent committee earlier this year many of the Suggestions put forward. Will enact legislation, by 2019, to 2015, the reform in local government.
"Bill seems to leave a lot of details to determine in the secondary legislation., said:" we will continue to find out what it is to include bank standard, will study suggested committee chairman Andrew Tyrie,.
The government says, placed voltage regulator is the best supervision, check and update the rules and "flexible coping" bank management technique evolution.
Tyrie committee report, on December 18th and early next year will launch a bill in parliament.
Britain, used in proud, its light touch type adjustment, promote the difficulties than many other countries after the reform, the financial crisis in 2008 is one of the most serious countries, but said this is keen to Europe's consistency.
It said the British ring fence mode is compatible suggested this month by the European consulting group, in the hope that the bank retail deposit-taking apart, their trading activities.
Banking independent commission report, the chairman by Oxford University scholar John d Banks, on the basis of the formation of English reform, although some ICB suggestion will through the European or global regulations become effective, therefore is not included in the reform bill.
Reform bill contains advice, can make the industry, the government estimated at $200 million and 500 billion pounds a year.
, it is estimated that will also have a one-time transition cost for 150 million dollars and 250 million pounds may reduce the reform of the government in the royal bank of Scotland and Lloyd's stock value as high as billion pounds.
But the government says, cost is worth it.
"Benefit is a good choice, will be tired meter increase financial stability," it said.




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