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HSBC UK bank chair says requirement for ringfencing a moot point

Tue, 30th Jun 2015 16:14

LONDON, June 30 (Reuters) - Hsbc's uk bank chairman symondssays 'moot point' whether ringfencing is still required for ukbanksLloyds fd says bank ringfencing not redundent, complements otherregulatory reformsLloyds fd culmer says doesn't believe separate ringfenced bankboard should be required for lloydsHsbc's uk bank chairman says no decision yet on whether to putderivatives within ring-fenced bankLloyds fd says full separation of banks would not have beeneconomically viable (Reporting by Matt Scuffham)

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