Complex ringfence a recipe for panic, investor warns
Because of the complexity of rules around what activities are allowed within the UK’s proposed banking ringfence, consumers and investors may panic if investment banks begin to fail, according to investment firm Bishopsfield Capital Partners.
Ringfencing involves three classes of banking services. Within the ringfence, banks must provide basic facilities such as deposits and overdrafts to individuals and SMEs.
A separate list of services is permitted within the ringfence but is not mandatory. This list includes deposits from large companies and high net
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