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There are many more rules that just red, yellow green and the stop sign. It would be nice if the highway code was that simple though.

For example, how to navigate a busy multi-lane roundabout safely as a cyclist, such as Old Street roundabout in London, which looks like this: https://upload.wikimedia.org/wikipedia/commons/d/dc/Old_Stre..., or this roundabout in Bristol, UK: http://c8.alamy.com/comp/B2NMCH/aerial-view-looking-down-on-...

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Driver or cyclist, if you fail to navigate that intersection safely and correctly you will be cited (or injured or killed). How does requiring a license for cyclists solve this problem? You mentioned that driving without a license will get you arrested. This is true, but only after you've committed a violation, unless your country has random driver's license checkpoints (mine doesn't). We can already cite cyclists for moving violations today. Licensing doesn't change anything.

> How does requiring a license for cyclists solve this problem?

Well, would you argue that requiring a license for motor vehicles is unnecessary? The benefits should be similar and identifiable.

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