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.