George Osborne confirms banking changes
Chancellor George Osborne has said he will implement most of the recommendations of the Vickers banking report , to try to prevent a repeat of the 2008 banking crisis.
Mr Osborne said he would introduce a ring-fence mechanism to protect retail banking from riskier investment activities and he also said state-owned RBS would reduce the size of its investment bank.
Robert Peston reports.
- 19 December 2011
- BBC News