The Act implemented the alleged and much lauded "ring-fence" which is existing as "financial institution splitting up". Under true financial institution splitting up as was executed by the Glass Steagall Act in the UNITED STATE, banks needed to choose regarding the type of financial task they can get associated with - retail or speculative. The ring fence goes component of the way (at least in theory), because a financial team could possess and run financial divisions which are retail or speculative, but not both, and which are required to be legally and operationally "independent" from each other.
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