Treasury publishes ToR for ring-fencing and proprietary trading review

Treasury has announced the members of the panel for the review into ring-fencing and proprietary trading. It has also published the panel terms of reference. The panel has around a year to report on the impact of ring-fencing legislation on:

• competition in the banking sector
• competition in the UK mortgage market, including how the regime may have impacted on banks’ risk-taking incentives
• international competitiveness and
• general impact, including whether ring-fencing has had any impact on lending conditions to SMEs

It will also consider whether the regime appropriately mitigates the risks of proprietary trading.