UK's largest banks facing government plans for looser ring-fencing rules
( May 18, 2026, 11:08 GMT | Official Statement) -- MLex Summary: The UK government has set out plans to relax the ring-fencing regime which requires banks with over £35 billion of retail deposits to separate core retail banking services from activities such as investment banking. There are five banking groups with ring-fenced bodies in the UK: Barclays, HSBC, Santander, NatWest and Lloyds Banking Group. The government said it would relax the rules through the planned Financial Services and Markets Bill and consultations with the industry in coming months. Statement is attached....
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