Legal News

Final report of the Ring-fencing and Proprietary Trading Independent Review calls for more flexibility

Published on: 16 March 2022
Published by LNB News

LNB News 16/03/2022

Document Information

Issue Date: 16 March 2022

Published Date: 16 March 2022

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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.

Popular documents