UK Treasury Plans to Ease Risk Rules for Banks

The British government shared plans to loosen so-called “ringfencing” rules for the country’s banks, the Financial Times reported Monday (May 18). The rules require banks to keep their retail business separate from potentially riskier activities, the report said. Lucy Rigby , chief secretary to the Treasury, said the planned modifications to one of the main limitations enforced on banks following the 2008 financial crash would “unlock finance for growth” by freeing up 80 billion pounds (about $1