Events listed in Financial Services (Banking Reform) Act 2013
Ring-fencing in financial networks
ID 25324
The Prudential Regulation Authority, PRA, has published a new working paper titled „Ring-fencing in financial networks“ in which it presents the findings from an analysis of the impact of ring-fencing on systemic risk in the UK banking system, particularly on the risk of solvency contagion among banking institutions. Ring-fencing was brought about by the Financial Services (Banking Reform) Act 2013 in an effort to ...
Aligning the ring-fencing and resolution regimes: Call for Evidence
ID 22103
On March 2, 2023, the HM Treasury launched a so-called call for evidence on the future of the UK ring-fencing regime and on the need to align the regime with the resolution regime for banks. Specifically, in the call for evidence, the Treasury is NOT proposing any specific regulatory enhancements or changes to either of the two regimes; instead, it seeks views on whether ...