Skeoch to rule on post-crisis bank ring-fencing regime

Skeoch to rule on post-crisis bank ring-fencing regime

A former chief executive of Standard Life will this week deliver his verdict on the ring-fencing structure that saddled Britain’s biggest banks with billions of pounds of additional costs in a bid to shield taxpayers during future financial crises.

Sky News has learnt that Keith Skeoch, who was appointed by the Treasury in late 2020 to review the UK's ring-fencing and proprietary trading regimes, will unveil his preliminary findings on Tuesday.

They will be closely watched by major lenders such as Barclays, HSBC Holdings and NatWest Group, each of which was forced to establish separate ring-fenced and non-ring-fenced entities following an inquiry led by the academic Sir John Vickers in 2011.