John Vickers is the author of an important new government committee report in the UK, where he is proposing an approach through which the exchequer limits its exposure to bailing out / recapitalising banks, while simultaneously allowing a flexible approach in policy for the remainder of finance. He will do a seminar at NIPFP titled "Stability and competition in UK banking" at 3 PM on 21st (Wednesday,
i.e. tomorrow). Please do join us in this.