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UK Bank Structural Reform

Why ring-fence?

By ring-fencing retail activities within Banks from their investment activities, this is determined to provide greater financial stability, thus if a ring-fenced, or even a non-ring-fenced, part of a Bank fails, it will be easier to manage the failure in an orderly way without the need for a government bail-out.

Thus, retail customers should be protected from their day-to-day banking services they rely upon from any unrelated risks taken elsewhere within the group such as the Bank’s investment banking activities.

This reasoning is why the UK Bank Ring-fencing Legislation has been passed.

So, ring-fencing is meant to be a measure to ensure that UK taxpayers will not be “on the hook” for bank failures as HM Treasury states. In time, this should mean fewer and less severe financial crises in the future tand therefore it will benefit the whole of the UK economy.

What is Client Money?

What is Client Money?

Client Money Support & Compliance Assistance

Compound Growth can assist firms of all sizes to ensure they have the necessary procedures in place to remain compliant with the regulator’s rules pertaining to client money and client assets as set out in the CASS Sourcebook.

In particular we can support your firm in establishing suitable accounting systems as well as developing client money policies in line with industry best practice and the FCA’s guidance.

If you would like to discuss client money or client assets further, please feel free to contact us or email

Client Money Segregation


Ring-Fencing Deadline

The UK’s biggest banks must comply with all aspects of the ring-fencing legislation by 2019.

1st January 2019

Client Money News

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