UK banking rules in biggest shake-up in more than 30 years

The government has announced what it describes as one of the biggest overhauls of financial regulation for more than three decades.

It says the package of more than 30 reforms will "cut red tape" and "turbocharge growth".

Rules that forced banks to legally separate retail banking from riskier investment operations will be reviewed.

Those were introduced after the 2008 financial crisis when some banks faced collapse.

The package of changes is being presented as an example of post-Brexit freedom to tailor regulation specifically to the needs and strengths of the UK economy.

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UK banking rules in biggest shake-up in more than 30 years - BBC News