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UK banking commission announces investigation

The newly formed UK Banking Commission has today announced plans for a far-reaching investigation into the UK banking arena which will see many awkward questions asked regarding the risks and instability of the UK banking sector. There has been speculation for some time that the UK Banking Commission is targeting the breakup of large UK operations thus separating corporate finance divisions from retail outlets in order to make them more transparent and less risky.

For many years the larger banking operations in the UK have used their different divisions, such as investment banking and retail banking, to support each other in troubled times. However, the UK Banking Commission is looking at separating these very different businesses which operate on very different risk/reward ratios.

The structure of the UK banking sector has been under the spotlight for many months now after the credit crunch and resulting UK and worldwide recession. Indeed, the resulting worldwide recession effectively brought Royal Bank of Scotland to its knees and decimated what was at the time the largest banking operation world. There will be obvious friction between the UK Banking Commission and the UK banking arena but these two parties will need to work together in the future for the good of the UK financial sector.

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