UK Launches Post-Brexit Review Of Bank Ring-Fencing Rules
Law360, London (April 20, 2021, 11:36 AM BST) -- Whitehall has launched an independent review of ring-fencing and proprietary trading regulations imposed on the banking sector in the wake of the 2008 financial crisis to establish whether they need revising after Britain left the European Union's regulatory orbit.
The government has launched a ring-fencing review after the Bank of England considered ramping up the rules in 2020. (Thomas Krych/SOPA Images/LightRocket via Getty Images.) The review, launched on Tuesday, will assess rules introduced after the global financial crisis that forced lenders to separate their retail banking operations from investment banking and other riskier activities. The review is accepting submissions until June 13....
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