Vickers has been arguing that the Bank of England has allowed banks to hold less capital than the ICB intended. The Bank of England has rejected claims from Sir David Vickers that it has watered down the ringfencing process ; Vickers is arguing that the bank has held back from his proposals for how much capital banks should hold so as to make it strong enough to take heavy losses .
The Bank of England has rejected claims from Sir David Vickers that it has watered down the ringfencing process ; Vickers is arguing that the bank has held back from his proposals for how much capital banks should hold so as to make it strong enough to take heavy losses .