View more on these topics

Treasury to unveil investment banking safeguards

The Treasury will today unveil plans to increase protection for clients and counterparties of failing investment banks in a bid to prevent a repeat of the aftermath of the Lehman Brothers collapse.

The move aims to ensure a wind-down of investment banks and particularly cross-border institutions to help stop legal issues arising when banks fail.

City Minister Lord Myners will announce the proposals today and according to the Financial Times, one of these would require banks to keep up-to-date centralised information about their counterparties.

It will also include measures to make it easier to segregate and transfer client assets in case of failures.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm