U.K. Reviews ‘Unintended Consequences’ of Bank Ring-Fencing (1)

A U.K. review of its landmark post-2008 banking regulation will examine how “ring-fencing” will impact post-Brexit London bankers’ ability to compete globally -- and whether it distorted the mortgage market.

The U.K. Treasury said Wednesday that a panel of prominent financiers will “examine any unintended consequences of the ring-fencing legislation and consider any areas that may require further clarification.” It will also consider whether curbs on riskier trading practices have helped financial stability.

Britain’s move to make banks safer after the Royal Bank of Scotland bailout has been blamed for starting a price war in home mortgages and stifling the ...