Vickers report is harsh but necessary

摘要

Bankers have been vocal in their opposition to the report from the UK Independent Commission on Banking, with some threatening to leave the country if regulation becomes too severe. But in economies where the financial sector has the potential to bankrupt the entire country, regulators are right to protect the economy. If the UK government goes ahead with the recommendations in the Independent Commission on Banking's final report, it will give the country the toughest financial regulation in a developed market.