BoE reveals final element of ring-fencing framework
Systemic risk buffer will apply to ring-fenced assets, with the aim of preventing banks amplifying stress; BoE also hopes it will give smaller banks a competitive boost
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
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