Article summary
HM Treasury has laid in Parliament the final report of the Ring-fencing and Proprietary Trading Independent Review, which concludes that while the ring-fencing regime is worth retaining at present, it needs to be more adaptable to better serve customers and address future risks. The report sets out recommendations to provide authorities with more flexibility in applying the ring-fencing regime, while also proposing options to better align it with the resolution regime, recognising that resolution is overtaking ring-fencing in providing a more comprehensive solution for tackling too-big-to-fail.
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