Bank of England Chief Says ‘Not Sensible’ to Tear up Ring-Fencing Rules

Bank of England chief says ‘not sensible’ to tear up ring-fencing rules

Andrew Bailey’s comments come after Chancellor Rachel Reeves announced plans to reform the system.

Bailey Defends UK’s Bank Ring Fencing Regime as Changes Mulled

Bank of England Governor Andrew Bailey urged the government to avoid taking drastic action as it evaluates the merits of the ring-fencing regime that forces the separation of large UK banks’ retail and trading arms.

Bank of England Governor Andrew Bailey takes questions from UK lawmakers

Bank of England Governor Andrew Bailey takes questions from UK lawmakers Watch live as Bank of England Governor Andrew Bailey appears before the House of Commons Treasury Committee and takes questions from lawmakers. The post LIVE: Bank of England Governor Andrew Bailey takes questions from UK lawmakers appeared first on Social News XYZ.