The Bank of England (BoE) unveiled the last element of its bank ring-fencing framework today (January 29), detailing plans for a systemic risk buffer.
Banks with more than £25 billion in assets are required to ring-fence their core services from 2019. Only assets within the ring fence will be subject to the systemic risk buffer.
These core services include deposits and payment systems, which must be separately funded and governed to shield them from shocks affecting the wider banking group or
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