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

Key Facts

Image source, Getty Images Image caption, The plans to ease regulations on financial services are being described as a second "Big Bang" The government is set to announce what it describes as one of the biggest overhauls of financial regulation for more than three decades.
The changes will be presented as an example of post-Brexit freedom to tailor regulation specifically to the needs and strengths of the UK economy.
The plans to ease regulations on financial services are being described as a second "Big Bang" - a reference to the deregulation of financial services by Margaret Thatcher's government in 1986.
Rules that forced banks to legally separate their retail lending arms from their riskier investment operations will be reviewed, as will rules governing the hiring, monitoring and sanctioning of senior finance executives.