When comparing the proposal of the High-level Expert Group and the proposal presented by the UK’s Independent Commission on Banking (ICB) last autumn, one can say that the proposals started from different directions, but their results are qualitatively similar. Both proposals seek to prevent the use of guaranteed deposits to risky investment.
However, the approach taken by ICB started from the narrow banking philosophy and sought to restrict the use of those funds. The High-level Expert Group on the other hand focused on the most volatile parts of banking business and sought to cordon off those.