Britain reviews core banking rules in light of Brexit

Since the start of 2019 Britain requires HSBC, Barclays and other banks to “ring-fence” the retail arms of their operations with capital to shield them from any losses in their riskier, investment banking arms after taxpayers had to bail out lenders during the financial crisis. Proprietary trading refers to banks using their own money to take bets on stocks, bonds and other assets on their own account rather than trading on behalf of a client.
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