The International Monetary Fund (IMF) and the Bank for International Settlements (BIS) have each released a research report examining recommendations issued for reforming structures in the banking sector.
- IMF working paper: ”Creating a Safer Financial System: Will the Volcker, Vickers, and Liikanen Structural Measures Help?”
- BIS working paper: ”Structural bank regulation initiatives: approaches and implications”
Within the EU, recommendations for reforming banking structures were issued by the High-Level Expert Group chaired by Erkki Liikanen, Governor of the Bank of Finland. In the United Kingdom, reform work is progressing based on the recommendations of a working group led by Sir John Vickers, while, in the United States, the Volcker Rule, named after Paul Volcker, former Governor of the Federal Reserve, is one component of the ongoing financial-market reforms.