Scrapping UK ring-fencing regime ‘not sensible’ – Bailey
BoE governor finds no fundamental issue with rule separating retail and investment banking activities
The ring-fencing regime is an important part of the UK banking system and there is no need to overhaul or remove it, the Bank of England governor has argued.
In a parliamentary hearing today (July 22), Andrew Bailey said the rules, which separate UK lenders’ retail and investment banking activities, did not fundamentally hinder banks’ business models.
“I think [the ring-fencing regime] has established itself as part of the system, and to me it would not be sensible to take it away as this point,”
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