By Katie Britton, Lindsey Dawkes, Simon Debbage and Talib Idris
Ring-fencing will require large UK banks to separate their core retail banking services from their investment and international banking activities by 1 January 2019. This article examines the background to ring-fencing, the development of the policy and how it will be delivered.
On 19 December, the bullet point under ‘Independent governance’ on page 169 was amended to correct the description of the rules.
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