e-update on government’s response to ICB recommendations on banking reform

We have today published an e-update on the government’s response to the ICB’s recommendations on structural reform of the banking sector.

The government stated on Monday that it will adopt the recommendations in full. As John mentioned in a previous blog, the proposals to ring fence retail banks will have an impact on the way in which banks structure their key IT and outsourcing contracts to ensure that the ring fenced bank’s access to key infrastructure is protected.

You can read the e-update in full here.

If you’d like to discuss the impact of the recommendations and how you might be able to structure your key IT and outsourcing contracts, then please contact Grant Campbell or John Mcgonagle, or your usual TIO Group contact.

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