<-- Back to proposed bills
Reforms to bank ring-fencing
14 October 2024
Type
Written Ministerial Statement
Department
Treasury
TAGS
At a Glance
Issue Summary
This statement addresses reforms to the bank ring-fencing regime based on recommendations from Sir Keith Skeoch's independent review.
Action Requested
The government will implement a package of reforms as soon as parliamentary time allows, aiming to improve competition and competitiveness in the UK banking sector while maintaining financial stability.
Key Facts
- The statutory independent review was led by Sir Keith Skeoch.
- The review reported in March 2022.
- The reforms will support economic growth.
▸
Assessment & feedback
Summary accuracy