BIC meets top bankers to top of the world
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Paul Volcker has become one of the most influential voices in the international debate on regulation of the sector banking
Sir John Vickers, Chairman of the CBI has already met Paul Volcker, former Chairman of the US Federal Reserve and its current leader, Ben Bernanke, as well as discussions with senior officials of the European Union in charge of regulating the financial sector organization.
Mr. Volcker has become one of the most influential voices in the international debate on regulation of the sector banks and last year was behind the namesake rule was forced to give up lucrative business owners business and siphon off the coast of other complex and risky operations blamed to precipitate the global financial crisis, banks based in the United States.
The ICB may recommend that British banks turn on weapons of wholesale banking, such as calls for retail banking casino"supposed" isolated stores .a such political drama is thought new unlikely that Sir John met with the architect of reform could suggest that the commission would propose measures similar to those adopted by the administration of the Obama.
Additional visits are planned for the Australia, Canada and China, as well as Germany and the France.
The Committee includes Executive Director former Barclays, Martin Taylor, former Ofgas Director General Clare Spottiswoode, former leader of co-chief JP Morgan Bill Winters and Martin Wolf, Financial Times columnist.
To avoid controversy on the expenditure of large sums of money on travel, most visits is related to pre-existing plans travel, all Board members and it is understood that Sir John flew economy on his travels to New York, Washington and Brussels.
The period of gathering evidence in the commission closes tomorrow and will be followed by a series of public debates as well as hearings with representatives of the major banks of the United Kingdom.
