A very British split: the UK Banking Reform Bill

Financial Services

This week the UK government has published draft legislation that will restructure British banks on significantly different terms than the rest of Europe and the US, and on terms that the government itself would not have chosen. For all the talk in continental Europe of its Anglo-Saxon intransigence and resistance to reform, the UK will probably be the only major jurisdiction to produce a serious structural reform response to the banking crisis. Why?

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