REFORM OF BANKING

That this House welcomes the interim report of the Independent Commission on Banking (ICB); notes the public's desire not to return the British banking system to business as usual; hopes that the Government will acknowledge the need to separate investment and retail banking and look seriously at the idea of a firewall between the two, as proposed by the ICB; further notes that, according to a recent YouGov poll, the majority of the public support the proposal for a public distribution of shares in the Government-owned Lloyds Banking Group and RBS; and calls on the Government to look at this popular idea.