How Long to Read The Government response to the Independent Commission on Banking

How Long Does it Take to Read The Government response to the Independent Commission on Banking?

It takes the average reader 1 hour and 22 minutes to read The Government response to the Independent Commission on Banking by Great Britain: H.M. Treasury

Assuming a reading speed of 250 words per minute. Learn more

Description

In its final report the Independent Commission on Banking (ICB) recommended a package of measures, consisting of ring-fencing vital banking services and increasing banks' loss-absorbency. The Government strongly supports the ICB's objectives and dual approach. The Government agrees that vital banking services - in particular, the taking of retail deposits - should only be provided by 'ring-fenced' banks', and that these banks should be prohibited from undertaking certain investment banking activities. On increased loss-absorbency, also supported are the ICB recommendations for higher equity requirements for large ring-fenced banks, a minimum leverage ratio, loss-absorbing debt, insured depositor preference and higher levels of loss-absorbing capacity for banks that are difficult to resolve. With regards to the principle that systemically important banks hold a minimum about of loss-absorbing capacity on a group-wide basis, however, the requirement should not apply to non-UK operations where it can be shown that those operations to do not pose a risk to UK financial stability. The Government also believes that depositor preference needs further analysis and consultation. On competition, the Government also strongly supports all the ICB recommendations. The Government estimates the aggregate private costs to UK banks at £3.5bn - £8bn, producing a gross reduction in GDP of £0.8bn - £1.8bn. Against these costs though should be set the potentially much larger benefits with the ICB's recommendations yielding an estimated incremental economic benefit of £9.5bn per annum. Significantly too the Government wants to see relevant legislation completed by the end of this Parliament in May 2015 as opposed to the ICBs recommended 2019

How long is The Government response to the Independent Commission on Banking?

The Government response to the Independent Commission on Banking by Great Britain: H.M. Treasury is 82 pages long, and a total of 20,664 words.

This makes it 28% the length of the average book. It also has 25% more words than the average book.

How Long Does it Take to Read The Government response to the Independent Commission on Banking Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 52 minutes to read The Government response to the Independent Commission on Banking aloud.

What Reading Level is The Government response to the Independent Commission on Banking?

The Government response to the Independent Commission on Banking is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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