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House of Lords written question – answered on 20th July 2011.

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Photo of Lord Myners Lord Myners Labour

To ask Her Majesty's Government which body will determine the activities in which a ring-fenced retail bank can engage under the interim proposals made by the Independent Commission on Banking.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

The Government look forward to receiving the Independent Commission on Banking's final report on 12 September. The Government will then decide on the right course of action.

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