Vickers report on banks to be accepted in full - Cable

The government will accept the Vickers report into banking "in full", Business Secretary Vince Cable has told the BBC.

The report, launched in the wake of the financial crisis, recommended separating banks' retail business from their investment business.

Mr Cable said the government would proceed with separating the banks.

But the recommendation about the amount of capital banks should hold has been diluted, the BBC has learned. The chancellor will address MPs on Monday.

George Osborne will give a statement to Parliament after the government publishes its response to the report.

In one key area the banking industry has succeeded in getting the Treasury to water down one of Vickers' recommendations, he said.