Policy paper

Ring-fencing information

Information about ring-fencing, an important government reform which will support financial stability and benefit the whole UK economy.



From 1 January 2019, the largest UK banks must separate core retail banking from investment banking. This is known as ring-fencing. This document lays out the legislative background to ring-fencing, its benefits to the UK economy, and what it means for consumers. It also contains links to further information about ring-fencing.

Published 24 March 2017