Ring-fencing - why is it happening and the rules?
Ring-fencing is a key component of the UK Government’s legislative agenda to improve financial stability.
Ring-fencing requires that the larger UK banks separate their everyday banking services from investment banking.
Who is impacted and when is it happening?
Any UK bank with at least £25bn of core deposits in the European Economic Area (EEA) is required to comply with the legislation by 1 January 2019.
We have outlined here in broad terms, what must be inside, outside and what can be either in or outside the ring-fence. This is determined by a combination of the type of customer, the products they hold, and the geography from which they are served.