Ringfence plans could be watered down

07 Aug 2011

Any plans to separate retail and investment banking in the UK could yet be watered down, said a FIG DCM head on Monday morning.

The idea of ringfencing retail banking divisions from investment banking was first mooted by the UK’s Independent Commission on Banking in its interim report in April. Media reports last week suggested that the commission’s ringfence proposals could be stricter than many had anticipated.

The ICB’s final report — ...

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