In March 2023, the Independent Panel on Ring-fencing and Proprietary Trading (the Panel) concluded that the British banking sector needs a regulatory regime which is as dynamic as the sector it governs and flexible enough to adapt to changing economic threats. On September 29, the UK Government published its response to the
Shifting UK banking’s ring-fence: a move for the wider good?
New proposals to change the UK ring-fencing regime and the methods banks use to undertake M&A.