Advertisement
Singapore markets closed

  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • Bitcoin USD

    64,026.84
    -633.83 (-0.98%)
     

  • CMC Crypto 200

    1,330.46
    -66.08 (-4.73%)
     

  • S&P 500

    5,111.83
    +63.41 (+1.26%)
     

  • Dow

    38,318.52
    +232.72 (+0.61%)
     

  • Nasdaq

    15,963.77
    +352.01 (+2.25%)
     

  • Gold

    2,350.70
    +8.20 (+0.35%)
     

  • Crude Oil

    83.91
    +0.34 (+0.41%)
     

  • 10-Yr Bond

    4.6730
    -0.0330 (-0.70%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Bank of England to finalise ringfencing rules in first-half of 2016

Reuters
Pedestrians walk past the Bank of England in the City of London May 15, 2014. REUTERS/Luke MacGregor

LONDON (Reuters) - The Bank of England said it will finalise new rules designed to protect bank's domestic retail customers from riskier parts of their operations in the first half of next year.

The Bank of England said on Wednesday it had made a number of amendments to its original proposals but didn't consider that responses to its initial proposals had necessitated major changes.

The British Bankers' Association, a lobby group for the industry, had said in January it wanted the process speeded up.

The new rules are scheduled to take effect from the start of 2019.

(Reporting by Matt Scuffham; Editing by Steve Slater)