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implement by end of 2012 the full separation of retail and investment banking + all the Independent Commission on Banking recommendations

Submitted on Tuesday 13th September 2011

Published on Tuesday 13th September 2011

Current status: Closed

Closed: Tuesday 13th March 2012

Signatures: 25

Tagged with

British ~ Economy ~ Law

Petition Action

implement by end of 2012 the full separation of retail and investment banking + all the Independent Commission on Banking recommendations

Additional Information

We call upon the government to introduce in full the Independent Commission on banking recommendations, at the very least within this Parliamentary year and for the legislation separating and controlling retail banking from the investment and speculative banking operations to be in operation by the end of 2012. This is needed to protect the taxpayer and the economy from the excesses, greed and depredations of the banking and financial sector inflicted upon us in the recent past and to ensure that the current economic and financial crisis does not again lead to us having again to bail out banks and speculators. Ensure in law that the speculators take the risk and are not underwritten by the British taxpayers


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