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<blockquote data-quote="j.s.cox" data-source="post: 125095" data-attributes="member: 20454">Thanks for this [USER=17155]@AvniD[/USER]!I read an article this morning saying that the UK will be relaxing the ringfencing of banks with retail and investment arms, which was introduced after the 2008 financial crisis. Ringfencing will stay in place for the biggest investment banks (e.g. Barclays, HSCBC, NatWest, Lloyds), but relax significantly for other big banks (e.g. Santander UK,, Virgin Money, TSB Bank). This reform is particularly significant as some of the big banks who will benefit from the relaxation of ringfencing rules are foreign owned and this keeps the UK an attractive place to continue doing business. This reform has come after a review led by Keith Skeoch. There have also been reviews in other areas, for example, a UK fintech market review led by Ron Kalifa, and a UK listings review by Jonathan Hill. I think the UK government will be looking at these reviews very carefully to see where they can implement any recommendations to remain an attractive place to stay and invest. I do think that there is an upward battle ahead as the EU is similarly looking to make itself a more attractive place.Whilst I'm here, I'd also like to say that I'm absolutely delighted to have won 6-months free TCLA Premium (Bronze) through my updates on this thread. This is going to make such a difference to my journey to a TC and I will be sure to utilise it fully!</blockquote>

[QUOTE="j.s.cox, post: 125095, member: 20454"] Thanks for this [USER=17155]@AvniD[/USER]! I read an article this morning saying that the UK will be relaxing the ringfencing of banks with retail and investment arms, which was introduced after the 2008 financial crisis. Ringfencing will stay in place for the biggest investment banks (e.g. Barclays, HSCBC, NatWest, Lloyds), but relax significantly for other big banks (e.g. Santander UK,, Virgin Money, TSB Bank). This reform is particularly significant as some of the big banks who will benefit from the relaxation of ringfencing rules are foreign owned and this keeps the UK an attractive place to continue doing business. This reform has come after a review led by Keith Skeoch. There have also been reviews in other areas, for example, a UK fintech market review led by Ron Kalifa, and a UK listings review by Jonathan Hill. I think the UK government will be looking at these reviews very carefully to see where they can implement any recommendations to remain an attractive place to stay and invest. I do think that there is an upward battle ahead as the EU is similarly looking to make itself a more attractive place. Whilst I'm here, I'd also like to say that I'm absolutely delighted to have won 6-months free TCLA Premium (Bronze) through my updates on this thread. This is going to make such a difference to my journey to a TC and I will be sure to utilise it fully! [/QUOTE]

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