The Independent Banking Commission this morning published its initial report into the future of the financial services commission, where it has outlined its thinking for future regulation. The commission, which is being headed by John Vickers, the former Bank of England Monetary Policy Committee member, has requested feedback by mid-November. Here is a reaction round-up from senior people within the industry.

• Angela Knight, chairman of the British Bankers Association, gives the report the full backing of the BBA and considers it an opportunity to debate the future of UK banking following the financial crisis.