15

OCT

Bank of England ringfencing rules

Posted in: blog-cer financial

Taken from the Financial Times "Bank of England sets out ringfencing rules"The UK’s largest banks will be allowed to transfer capital from retail operations to other parts of their business under new ringfencing rules, underlining how the regulatory climate is warming to the City.In rules set out by the Bank of England on Thursday, “ringfenced” retail banks will be permitted to transfer capital in the form of dividends as long as the retail arm meets its own rules on

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