Ring-fencing Banks: who is doing it, why and will it work?

In the aftermath of the financial crisis, the ring-fencing of certain bank activities has been […]

Policy Brief

23/04/2015

In the aftermath of the financial crisis, the ring-fencing of certain bank activities has been proposed in a number of jurisdictions.  Its aim is to protect consumers by reducing the level of risk that they are exposed to through non-traditional banking activities.  Specifically, ring-fencing is the separation of retail banking (that is banking that involves consumers and small businesses) from wholesale, or investment banking, within an otherwise ‘universal’ banking group.  The use of ring-fencing in the United Kingdom (UK) was proposed by the Vickers Commission[1] and it now seems likely that it will be introduced by 2019.  The EU is also exploring the possibility of ring-fencing following the Liikanen Report of 2012

[1] The Report of the Independent Commission on Banking in 2011, hereafter the ‘Vickers Report’.

By Andrew Campbell. Professor. University of Leeds and Paula Moffat. Principal Lecturer.
Nottingham Law School.

Find all related publications
Publications
17/02/2025

Expected labour market effects of the Green Deal Industrial Plan (2)

A regional labour policy approach
04/02/2025

Tackling tax avoidance

Reforming Capital Income Taxation in the EU
29/01/2025

Progressive Yearbook 2025

2024 was announced as a ‘super election’ year. In fact, about half of the world’s […]
27/01/2025

Forging the new EU agenda

Progressive inputs for European economic policy
Find all related Progressive Post
Progressive Post
21/02/2025

Keep it simple, stupid – a good idea taken too far and misapplied

The European Commission has presented its work programme for 2025. Not least for those whose […]
30/01/2025

How the new Commission should improve the rule of law report

In her mission letter, Commission President Ursula von der Leyen has tasked the Executive Vice-President […]
30/01/2025

Corruption and anti-corruption in Europe: trends and prospects

Corruption is an ever-present problem and a persistent challenge in Europe. In addition, awareness of […]
Find all related events
Events
Upcoming
09/04/2025
Berlin, Germany

Day of Progressive Economic Policy 2025

The new European Commission and the incoming German government are facing unprecedented challenges:  an industry […]
Past
14/03/2025
Turin, Italy (Expert meeting)

The Survival of Cohesion Policy

EU Investment Capacity Group
20/02/2025
Online (Expert meeting)

Kicking off the EU budget discussion

EU Investment Capacity Group
Find all related news
News
26/02/2025

FEPS reaction to the European Commission’s Clean Industrial Deal

What Teresa Ribera presented today is an ambitious plan that makes the case for Europe […]
07/02/2025

FEPS President on the European car industry and the Competitive Compass on Euronews ‘Brussels, my love?’

FEPS President Maria João Rodrigues took part in the Euronews talk show ‘Brussels, my love?‘ […]
27/06/2024

Join Tax the EU Billionaires Day!

Do you know that the richest 1% in Europe owns half of European wealth? Join […]
18/01/2024

FEPS President at Euronews talk-show ‘Brussels, my love?’

Alongside German conservative MEP Lars Patrick Berg and Fabian Zuleeg, Chief economist and director of […]
Find all related in the media
In the media

Brussels, my love? Europe’s economy in a struggle for survival

by Euronews 21/10/2024
FEPS director of studies and policy David Rinaldi participated in this episode of Euronews’ show ‘Brussels my love’.

Megadóztatná a szupergazdagokat? Ha igen, most tehet valamit

by Zöld Hang 04/10/2024
'Would you tax the super-rich? If so, you can do something now' Interview to FEPS Secretary General, László Andor on the 'Tax the rich' EU initiative by the Hungarian newspaper Zöld Hang.

Orbánov boj z zunanjim sovražnikom ni bil kos inflaciji

by DELO 28/05/2024
In an article in Delo, László Andor criticises Viktor Orbán government's economic policies, such as not allowing Hungary to join the euro area, which he believes would have helped curb inflation. He also criticises the government for blaming external enemies such as the President of the European Commission, to cover up its own failures.

Ex-EU-Kommissar Andor: Orbán gerät an die Peripherie

by Austria Presse Agentur 28/05/2024
"Former EU Commissioner Andor: Orbán is relegated to the periphery" Austrian news agency APA interviewed FEPS Secretary General László Andor on Europe's political situation ahead of the upcoming EU elections.