" Britain's biggest banks will have to run their retail banking operations as independent banks, almost entirely separate from their investment banking and overseas operations, as the Bank of England made it clear that there will be no relaxation of the incoming ring-fencing rules.
As a result, regulators hope the high street lenders will be able to continue running the retail arms with no difficulties even if their investment banking arms get into trouble.
Basic services such as payments and bank account access should be able to continue even if the parent group collapses. "
Source: Britain's biggest banks to be forced to separate retail banks from investment arms - Telegraph
AtW's comment: that's very good news because those retail banks will be forced to pay real market rates on savings in order to attract money, no more free QE funny money taken from BoE using fantasy Triple AAA tulipe derivatives as collateral
As a result, regulators hope the high street lenders will be able to continue running the retail arms with no difficulties even if their investment banking arms get into trouble.
Basic services such as payments and bank account access should be able to continue even if the parent group collapses. "
Source: Britain's biggest banks to be forced to separate retail banks from investment arms - Telegraph
AtW's comment: that's very good news because those retail banks will be forced to pay real market rates on savings in order to attract money, no more free QE funny money taken from BoE using fantasy Triple AAA tulipe derivatives as collateral
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