Wolters Kluwer: Understanding the Banking reform Bill

The government’s Financial services (Banking reform) Bill now going through Parliament will force the biggest UK banks to separate their retail and wholesale banking arms, and impose on all uK banks a number of other changes. The objectives are to make the banking sector safer and more resilient to shocks, to make banks more resolvable in the event of failure, and to ensure that banks and their shareholders, not taxpayers, are responsible for the costs of dealing with banks that get into

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