The final report of the Independent Commission on Banking - Some implications for private banks

  • Oct 2011
  • Client publication/article

This briefing paper considers how the proposals in the final report of the Independent Commission of Banking, if implemented, might affect a private bank with a UK authorisation.

It includes:

  • the first "ring-fence" principle - mandated services
  • the second "ring-fence" principle - prohibited services
  • application to private banking customers
  • implications for private banks - operating outside the "ring-fence"
  • implications for private banks - operating inside the "ring-fence"
  • concluding thoughts

See also: Resolving the Dilemma of British Banking - Sept 2011

 
 

Contacts

 

Ruth Fox (partner), Jan Putnis (partner), Ben Kingsley (partner), Oliver Wareham (partner)

 
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