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The Edinburgh Reforms – the future of ring-fencing

Jeremy Hunt
UK Jeremy Hunt. Photo: Matthew Horwood/Getty Images

Simon Lovegrove | NRF, Jochen Vester | Norton Rose Fulbright, Alan Bainbridge | Norton Rose Fulbright+1

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The government’s initial policy position regarding the future of the ring-fencing regime has developed – we take a look at how and what to expect next.

When UK Chancellor Jeremy Hunt announced the Edinburgh Reforms on December 9, 2022, among the papers published was an HM Treasury policy paper which responded to the independent review on ring-fencing and proprietary trading that was led by Sir Keith Skeoch. In the policy paper, HM Treasury stated that it would consult

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