15:30, Tue 14 Aug 2012
John Vickers is a well-known academic who has worked in the area of regulation and competition policy. He is better-known, however, for his many important contributions to public life.
From 1998-2000 he was Chief Economist at the Bank of England and a member of the Monetary Policy Committee. From 2000-2005 he was Director General and Chairman of the Office of Fair Trading. In June 2010, he became Chair of the UK's newly created Independent Commission on Banking (ICB). The ICB's task was to consider reforms to the UK banking sector to promote financial stability and competition, in the aftermath of the banking crisis of 2008. The commission made its recommendations to the UK government in September 2011, recommending a number of important measures, including the introduction of the ring fencing of retail from investment banking.
John Vickers talked about his recent work on the ICB, and what it implied for the future of financial services in the UK.
(M4V format, 42:14, 191 MB