 Angela Knight   Vickers Report: The UK's Banks are Committed to
Meeting its Challenges  Posted: 13/09/11 01:00  One of the
things Sir John Vickers got absolutely right in his report on
the banking industry - issued yesterday - was the scale of the
regulatory reform that was already under way. Throughout his
interviews yesterday, the chairman of the Independent Commission
on Banking took care to emphasise that his proposals to reform
the UK's banking industry were properly aligned with changes
taking place across the EU and around the world.  The UK has
been leading the field in regulatory reform since the global
financial crisis hit our shores. We have undertaken sweeping
change further and faster than any other jurisdiction in the
world.  The UK's banks were the first to increase the amount of
capital banks have to hold - they hold more than three times the
capital now than they did then - and also greatly increased the
amount they hold in liquid assets. And at the same time they
have been developing their