Banks prepare to split schemes under ring-fence reforms
Rachel Dalton finds out how reforms will require banks to restructure their schemes
The Financial Services (Banking Reform) Bill, currently in its House of Lords report stage, requires banks to separate their retail and investment businesses by 2025. Lawyers warn banks should start planning now.
Reform Employers in multi-employer DB schemes, as used by banking groups with their many interlinked businesses, are allowed to take on the liabilities of other scheme sponsors. The government fears...
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