General · 18 June 2026
Kemi Badenoch plans changes to bank rules
Chris McAndrew via Wikimedia Commons (CC-BY-3.0)
People and firms could see more investment in the economy if proposed banking rule changes go ahead. Speaking at the CityUK conference, Kemi Badenoch said a future Conservative government would end ring-fencing, replace the Financial Ombudsman Service and seek changes to lender capital requirements. She said the package could add £450bn to the UK economy, while banks currently face a minimum requirement of 13 per cent.
Reported by City AM · How we write briefs