The website of the Independent Commission on Banking has been almost entirely offline for two days, since the release of a major government report into stabilising the banking industry.

The ICB said that since the release of the report, compiled by economist Sir John Vickers, the website had been "experiencing extremely high volumes of traffic".

As a result, the ICB is running a limited website (see picture) with only the press release, report and executive summary available.

Yesterday's report had wide implications for bank IT. Banks should consider separating IT from other functions to protect it from the effects of a business unit collapse, the report stated, but it made clear that this alone was not normally enough to protect operations.