The realities of ring-fencing

Author: | Published: 12 Apr 2011

The legal realities of ring-fencing UK bank’s retail operations suggest that implementing the proposal will be a near impossible task.

The policy, suggested by the Independent Commission on Banking on Monday, raises a number of practical questions, mostly around how the separated banks will work in practice.

"What people are missing is that a bank is a collection of systems with a legal structure on top. Fiddling around...