BOE Weighs Looser Ring Fence as Banks Lobby to Remove Rules

The Bank of England is considering ways to loosen post-crisis rules that forced banks to separate their retail and investment banking arms after a number of UK lenders called for the regime’s removal.

Staff at the central bank’s Prudential Regulatory Authority are looking to relax the ring-fencing requirements without scrapping them entirely, a person familiar with the matter said, asking not to be identified discussing internal deliberations.