Please sign our petition below, asking for the Government to speed up the reforms proposed in the Independent Commission on Banking (Vicker’s Report).

If you would like to leave comment discussing the petition, please do so at the bottom of the page.

We, the undersigned, believe that with the residents of Torbay struggling to cope in a deep recession caused in major part by reckless banking, we welcome the report of the Independent Commission on Banking (The Vicker’s Report) and the Coalition Government’s decision to legislate in 2012 to curb the power of the commercial banks to use the deposits of their customers in casino banking practices, by divorcing the necessary functions of High Street banks from Investment Banking, but calls on HMG to accelerate the implementation of this legislation so that banks have to comply during the lifetime of the present Parliament.   However, we condemn the timetable proposed by the Chancellor of the Exchequer which gives banks until 2019 to comply. This is unacceptable to the hard working residents of Torbay whose deposits and savings will remain available as assets that can be put at risk to underpin highly speculative operations within those banks.