UK Chancellor George Osborne has announced several banking reforms which he believes will prevent the taxpayer ever being liable again for future bailouts if banks fail. 

In future UK banks may be required to separate everyday banking activities from the riskier and more volatile aspects of banking by having a ring-fence around the deposits of individuals and businesses, as part of the Banking Reform Bill that was introduced to Parliament on 4 February. 

In a bold move the C...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now