A botched opportunity: Why the Vickers report won’t fix the financial sector

Type: Reports Written by Miles Saltiel | Thursday 15 September 2011

The Vickers Commission got it wrong, says Miles Saltiel. By focusing on linkages between retail and investment banks, it missed the real causes of the 2008 financial crisis and an opportunity to fix the problems in the financial sector. Rather than giving increased competition the lowest priority, as the Commission has, increasing competition in the banking sector should be the main goal in the government's banking policy.