Parliamentary Commission on Banking Standards  Joint Committee - Third Report
Proprietary trading

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Here you can browse the report which was ordered by the House of Lords and the House of Commons to be printed 5 March 2013.

Contents

Terms of Reference

1 Introduction

2 What is proprietary trading?

3 Concerns about proprietary trading by banks

Prudential concerns

Cultural concerns

Social utility and the implicit guarantee

4 Proprietary trading by banks today

Extent

Controls

Reforms currently in progress

5 Controlling proprietary trading by banks: the issues

The definitional issues

The enforcement issues

Other issues relating to a prohibition

Conclusions

6 The way forward

The priority for action

Our recommendations

Conclusions and recommendations

Formal Minutes

List of published written evidence

Additional Written Evidence

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Prepared 15 March 2013