Banks are not allowed to simultaneously enter into an advisory and creditor role with clients, such as with private equity firms. The Volcker Rule aims to minimize conflicts of interest between banks and their clients through separating the different types of business practices financial institutions engage in.
•  The Independent Commission on Banking (Vickers Report) in UK has inter alia recommended ring fencing of UK banks, such that the ring fenced banks would be permitted to extend only retail and commercial banking services to limited clients including individuals and small and medium-sized organizations (SMEs) in UK.