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Ring-fencing to starve investment banks of deposit funding

BoE data estimates non-ring-fenced banks will have access to just 4% of household deposits

The investment banking entities of UK dealers will be able to access just a tiny fraction of deposits made by households and small and medium-sized entities (SMEs) when post-crisis structural reforms enter into force in January 2019.

In its biannual Financial Stability Report, the Bank of England published data showing the estimated split in funding and lending for the ring-fenced, retail banking

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