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Ring-fencing architects say rule ‘undoubtedly’ made banks safer
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fnlondon.comTwo key architects of bank ring-fencing in the UK said the rules had "undoubtedly" made the sector safer, despite protests from some lenders.
Amid the UK's plans to press ahead with its so-called Edinburgh reforms to free up the City post-Brexit, Sir Keith Skeoch and Sir John Vickers gave evidence on 1 February to the influential Treasury committee, which is investigating whether the time is right to relax banking regulations.
"It...
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