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UK to ease bank ring-fencing rules to foster competition

The UK intends to put forward secondary legislation for implementing the reforms in early 2024

London , City-of , United-kingdom , Britain , Andrew-griffith , Keith-skeoch , Rules , Uk , Ring-fencing-rules , Legislation , Bank-of-england

BBC News

are onerous. it some of those rules they are talking about relaxing, ring fencing rules, for example, that applied to challenge banks, they will be relaxed enabling them to compete better with high street banks. there has also been lobbying to water down other rules such as the personal responsibility on the senior managers. i personally have reservations about that because i think senior managers should be taking personal responsibility for their decisions. i am also disturbed by perhaps, more disturbed by the framing of this, which is about growth and competitiveness and the mooted idea that regulators were being tasked with fostering growth and competitiveness. to me that is not what regulation is about. let’s not what regulation is about. let's take one of _ not what regulation is about. let's take one of the _ not what regulation is about. let's take one of the first _ not what regulation is about. let's take one of the first points, just how competitive is london at the moment for investment? i how competitive is london at the moment for investment?- how competitive is london at the moment for investment? i think we have to be completely _ moment for investment? i think we have to be completely honest - moment for investment? i think we have to be completely honest and l moment for investment? i think we i have to be completely honest and say london at the moment is falling

Banks , Rules , Challenge-banks , Example , Relaxing , Lobbying , High-street , Ring-fencing-rules , Managers , Responsibility , Decisions , Reservations

BBC News

dangerous to forget the lessons of the past. earlier i got the thoughts of the banking analyst frances coppola. i think there's been quite a feeling in the city for quite a long time now that the regulation, the heavy regulation since the financial crisis, has maybe gone a bit too far and tied banks down a bit too much. particularly some of the smaller banks, there has been quite a lot of pushback from challenge banks such as santander and virgin money, who say that some of the rules as applied to them are onerous. it's some of those rules they are talking about relaxing, ring fencing rules, for example, that applied to challenge banks, they will be relaxed enabling them to compete better with high street banks. there has also been lobbying to water down other rules such as the personal responsibility on senior managers. i personally have reservations about that because i think senior managers should be taking personal responsibility for their decisions. i am also disturbed by,

Regulation , Feeling , City , Lessons , Frances-coppola , Thoughts , Lot , Challenge-banks , Some , Bit , Crisis , Banks

BBC News

now that the regulation, the heavy regulation since the financial crisis, has maybe gone a bit too far and tied banks down a bit too much. particularly some of the smaller banks, there has been quite a lot of pushback from challenge banks such as santander and virgin money, who say that some of the rules as applied to them are onerous. it's some of those rules they are talking about relaxing, ring fencing rules, for example, that applied to challenge banks, they will be relaxed enabling them to compete better with high street banks. there has also been lobbying to water down other rules such as the personal responsibility on senior managers. i personally have reservations about that because i think senior managers should be taking personal responsibility for their decisions. i am also disturbed by, perhaps more disturbed by the framing of this, which is about growth and competitiveness and the mooted idea that regulators will be tasked

Lot , Challenge-banks , Some , Regulation , Bit , Crisis , Virgin-money , Pushback , Santander , Example , Rules , Relaxing