Mutuals Say Ring-Fencing Threatens Lending

18 Jul 2011

Plans for U.K. banks to ring-fence their retail operations could have a negative impact on mutuals’ mortgage-lending capacity, according to the Building Societies Association.

Plans for U.K. banks to ring-fence their retail operations could have a negative impact on mutuals’ mortgage-lending capacity, according to the Building Societies Association. The BSA has argued that the ring-fencing proposals by the Independent Commission on Banking should apply to large banks and not smaller entities like ...

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