Treasury launches reforms to ease ring-fencing rules on banks

The Treasury has announced plans to ease ring-fencing rules for banks (Victoria Jones/PA) - (PA Archive)

The Treasury has set out plans to relax financial crisis-era ring-fencing rules on banks in a bid to help increase lending and investment.

The reforms are designed to create a “more agile and proportionate” regime for retail banks and would enable £80 billion in additional lending to businesses, the Treasury said.