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 John Vickers that it has watered down the ringfencing plans; Vickers is arguing that the bank has stepped back from his proposals for how much capital banks should hold so as to make it strong enough to withstand heavy losses.