Topic
Ring-fencing
32 published works
Global Regulation Tomorrow
HMT consults on Ring-fencing reform
By Simon Lovegrove (UK), Charlotte Carnegie
On 14 July 2026, HM Treasury (HMT) published a consultation paper in relation to ring-fencing reform. Background At Mansion House 2025, as part of the Financial Services Growth and Competitiveness…
Banking, Finance and Securities
The Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2025
By Anita Edwards, Simon Lovegrove (UK)
On 13 January 2025, the Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2025 (the Order) was made and published on legislation.gov.uk,…
Banking, Finance and Securities
HMT publishes outcome of consultation on near-term reforms to UK ring-fencing regime
By Jochen Vester (UK), Anita Edwards, Simon Lovegrove (UK)
On 11 November 2024, HM Treasury (HMT) published its response to the consultation on near-term reforms to the UK ring-fencing regime. It also published the draft Financial Services and Markets…
Banking, Finance and Securities
Reforms to ring-fencing – Economic Secretary to the Treasury statement
By Anita Edwards, Simon Lovegrove (UK)
On 14 October 2024, the Economic Secretary to the Treasury, Tulip Siddiq MP made a statement regarding reforms to bank ring-fencing. The statement provides that the government will implement a…
Global Regulation Tomorrow
HM Treasury and PRA issue consultations on ring-fencing
By Simon Lovegrove (UK), Jochen Vester (UK)
Introduction On 28 September 2023, HM Treasury published a consultation setting out near-term proposals for the UK ring-fencing regime. It also set out the responses to its earlier call for…
Global Regulation Tomorrow
Edinburgh Reforms: Ring fencing
By Simon Lovegrove (UK), Jochen Vester (UK)
In our latest podcast on the Edinburgh Reforms, we consider the government’s proposals so far for reforming the UK’s ring fencing regime
Global Regulation Tomorrow
ECB publishes Working Paper on voluntary support and ring-fencing in cross-border banks
On 28 July 2022, the European Central Bank (ECB) published a Working Paper on voluntary support and ring-fencing in cross-border banks. The paper provides a theoretical contribution to the ring-fencing…
Global Regulation Tomorrow
RFPT Review Final Report
By Simon Lovegrove (UK), Jochen Vester (UK)
On 16 March 2022, HM Treasury laid in Parliament the Final Report of the Ring-fencing and Proprietary Trading Independent Review. The Final Report sets out the final conclusions and recommendations…
Global Regulation Tomorrow
Interim statement of the independent review panel on ring-fencing and proprietary trading
By Jochen Vester (UK), Simon Lovegrove (UK)
The Financial Services (Banking Reform) Act 2013 required HM Treasury to appoint an independent panel to review the operation of the legislation relating to ring-fencing and banks’ proprietary trading activities.…
Global Regulation Tomorrow
Letter – Ring-fencing and Proprietary Trading Independent Review: 1 June 2021
On 1 June 2021, the Financial Markets Law Committee (FMLC) sent a letter to Keith Skeoch, chair of the independent panel that HM Treasury has appointed to review the operation…