Bank of England explores ways to loosen ringfencing rules for UK banks

Bank of England explores ways to loosen ringfencing rules for UK banks

Regulations intended to prevent a repeat of bailouts after 2008 crisis

UK Central Bank Could Ease ‘Ringfencing’ Rules for Lenders

The Bank of England is reportedly looking to ease its “ringfencing” rules for British lenders. As the Financial Times (FT) reported Monday (May 19), this effort is happening as the central bank (BoE) is facing calls to abandon those regulations altogether. The ringfencing rules require British banks to keep their retail operations separate from other, potentially riskier, activities. Sam Woods, who heads the BoE’s Prudential Regulation Authority…