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PPI: ICB meets top bankers

The government's Independent Commission on Banking (ICB) has met international bankers and regulators for its report on the UK finance industry.

The ICB was set up by the government in the summer and is due to begin work today (November 15th) on its 12-month report on how to improve the British financial sector.

Sir John Vickers, chairman of the ICB, has already met former US Federal Reserve chairman Paul Volcker and current head Ben Bernanke, as well as other European Union banking regulators.

The group is also set to meet officials from Australia, Canada, China, Germany and France for its research.

Dominic Lindley, banking expert at Which?, told "As it isn't due to report until September 2011, we need to ensure that the situation doesn't worsen in the meantime."

Among the eight commissioners chosen for the ICB are business secretary Vince Cable, former Ofgas director-general Clare Spottiswood and ex-JP Morgan co-chief executive Bill Winters.

Posted by Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking ADNFCR-2776-ID-800236875-ADNFCR

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