SIR JOHN VICKERS UK BANKING SECTOR REFORM – A COMPREHENSIVE ANALYSIS To:                The Right Honorable Chancellor of the Exchequer  From:             Athinarayanan Sanjeevraja  Date:             September 27, 2011 RE:                Britain Banking Sector Reform Suggestion: Good Morning Chancellor. I just read the fine print of Sir John Vickers report. He suggests structural separation of the country’s banks into two parts retail and commercial banks bits. The principle of separating retail and commercial banking is sound. Indeed legal separation improver safety of retail banks. The entire separation might provide the strongest firewall to protect retail banking services from contagion effects of external shocks. I ...