REPORT
    Structural Reform: Ring-Fencing the UK Financial Markets System
    The financial crisis exposed substantial vulnerabilities within the global financial system. This report focuses on the UK banking system and the subsequent efforts enacted by regulators to modify and “future-proof” the banking structure in the event of similar upheavals.
    29th January 2019

    “Ring-fencing” or “structural reform” refers to the legislation requiring the separation of banks’ retail banking activities from their wholesale and investment banking activities. In separating the two units, banks must have their own operational IT and data management systems.

    Author
    Ashley Longabaugh
    Ashley Longabaugh
    Head of Wealth Management