Sir John Vickers has outlined the work of the Banking Commission. He discussed whether structural reforms might relate to other reform initiatives such as the new capital requirements. He discussed the different needs of customers of the retail and investment banking sectors and specific activities and requirements. He discussed the argument that retail banking is safer with universal banks and said this was not necessarily so. He finished by asking whether, and, if so, how, structural reform of systemically-important institutions might affect levels of loss-absorbing capacity, and whether forms of structural separation might enhance the credibility and effectiveness of resolution schemes. The Banking Commission is due to publish its interim report in April, which will look at these issues as well as considering whether banks forced to separate their activities should benefit from some capital incentives. (Source: Press Release and Speech)