Source · Select Committees · Treasury Committee
Recommendation 8
8
Paragraph: 42
Explore small changes to ring-fencing framework, but only remove with substantial evidence.
Conclusion
Based on the evidence the Sub-Committee has heard, there is the potential for small changes to the ring-fencing framework to improve its interoperability with the PRA’s resolution regime, but any longer-term plans to eventually remove the ring-fencing regime entirely should only be entertained once substantial evidence of what benefits this would bring is available.
Paragraph Reference:
42