BoE’s Ramsden defends UK’s ring-fencing regime
Deputy governor says rules remain “critical” to regulatory framework amid review to reform them
Ring-fencing remains a “critical” part of the UK’s regulatory framework, the deputy governor for markets at the Bank of England has said, as the Treasury undergoes a review of the policy.
Speaking at King’s College London on January 14, Dave Ramsden discussed how the evolution of the BoE’s resolution regime had strengthened resilience in the banking sector.
When asked whether stronger resolution planning might make ring-fencing less relevant, Ramsden said the policy remained a “critical part to
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