The UK
Independent Commission on Banking's much anticipated report examining options for the reform of the country’s banking industry was released on September 12. The report proposes several changes to the structure of the UK banking system that potentially may simplify identification and remediation of failing financial institutions and reduce the probability and effect of bank failures, including the novel idea of "ring-fencing" of retail and wholesale/investment banking activities within universal banks to insulate UK retail banking services from investment banking risk.