Podcast Location:
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Banking and Financial Services
CPD Points:
Up to 1 point. details »

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Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
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Listen only, gain ½ a CPD point (30 minutes)

  • FREE
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Course Aims:

This podcast is aimed at those interested in banking law and the financial services sector. It aims to set out the key provisions in the October 2011 final report of the Independent Banking Commission chaired by Sir John Vickers. It will explore the background to the Commission’s work and the two themes behind its proposals: competition and stability. How can a ‘too big to fail’ situation be avoided in the future, who should bear the losses of a bank’s collapse, what protections should depositors receive and what will these reforms mean for the way banks do business?

After completing the course you will:
  • Understand the remit of the Independent Commission on Banking;
  • Understand the Commission’s view on competition within the UK’s banking sector and how barriers to new entrants might be reduced;
  • Be aware of what more competition might mean for stability;
  • Know how the Commission thinks it can improve stability in the banking sector;
  • Understand the importance of stability to the financial system and what it means to be ‘too big to fail’;
  • Understand how plans to bolster banks’ capital reserves interact with international capital requirement standards contained in Basel III;
  • Be aware of the proposals to allow bond holders to incur losses on their banking investments, how this might be achieved and the risks in so doing;
  • Understand the proposals to create a ‘ring-fence’ for depositors within banks to separate domestic and business from investment banking activities;
  • Be aware of the important structural changes that will need to be in place as part of this transition;
  • Be aware of the geographical reach of the Vickers’ proposals and whether UK banks will be at a competitive disadvantage;
  • Understand the significance of the reform proposals and the likely implementation lead time.
Complex Difficulty: 4 of 5
Legal Principles
Legislative Updates
Sources and References:

This podcast, recorded with a partner at a specialist leading financial services law firm explores the detailed implications of the Independent Banking Commission’s proposals to reform the regulation of the banking sector in the UK.

Podcast added: 23/11/2011

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