Angela Knight, BBA Chief Executive, has reviewed the Independent Commission on Banking (ICB) recommendations in a blog posted on the BBA website. Her comments focus on the retail ring-fence and an increase in loss-absorbing capital and emphasise the real cost of these proposals to the economy, to banks and to customers. She comments that the retail ring-fence will come at an organisational cost and will reduce flexibility, both of which may cause problems during good times. She also commented on the potential problems of the mismatch between the ICB recommendations and the US Volcker Rule. (Source: BBA Blog on Vickers Six Weeks On)