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On 13 September 2010, Barry Sheerman asked the Chancellor of the Exchequer:

What recent discussions he has had with the Governor of the Bank of England on breaking up banks which have received funding from the public purse.

Mark Hoban (Financial Secretary, HM Treasury) answered:

The Chancellor has regular discussions with the Governor of the Bank of England to discuss such issues as are relevant at the time.

In June 2010, the Government asked Sir John Vickers to lead the Independent Commission on Banking, to look at the structuring of the UK banking sector and to make recommendations to the Government. The Commission will deliver its report to the Cabinet Committee on Banking Reform by the end of September 2011.