[Omah]

http://www.bbc.co.uk/news/uk-politics-17988236

The most widely trailed measure expected to be included in the Queen's speech is the long awaited move to split banks into their retail and investment banking functions. The aim is to prevent the investment activities of a bank jeopardising its retail (high street) operations. The move was recommended by Sir John Vickers, after he was given the job of reviewing the banking sector in the wake of the financial crisis. It also suggested that only ring-fenced banks should be permitted to offer retail (high street) banking services. The retail arms would not be allowed to trade in derivatives or other exotic financial instruments blamed for the financial crash. Banks would have until 2019 to make the changes. A white paper is expected in June with draft legislation to follow in the autumn.

There's no rush then - the remaining banks must be "safe as houses" .....