Ring-fencing in the UK banking sector


“Ring-fencing” regulation, proposed by the Independent Commission on Banking (ICB) in September 2011,[1] is the UK’s main response to the Global Financial Crisis of 2007–2008 (the Crisis). It was characterised as “the biggest shake-up of British banking in a generation”[2] and aims at increasing the resilience of the UK banking system and protecting taxpayers from the need to bailout a financial institution in the future.