Posts Tagged ‘UBS’

Ring-fencing isn’t enough, casino banking must be reined in

by Michael Meacher.

The real lesson of the alleged Kweky Adoboli fraud at UBS isn’t that the Vickers reform requiring ring-fencing between the retail and investment arms of banks should be implemented far quicker than 2019 – though that should certainly be the case. It’s rather that Vickers, after 18 months’ investigation, missed the point. The central problem […]

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