Politics

Goldman, JPMorgan ring-fencing talks stoke fears of weakened rules

FN reveals a log of meetings between ring-fencing panel and leading banks as government weighs next steps

A new taskforce has been created after the publication of the review, made up of top Bank of England and Treasury officials
A new taskforce has been created after the publication of the review, made up of top Bank of England and Treasury officials Photo: Getty Images

Goldman Sachs and JPMorgan scored meetings with a high-profile panel looking into the future of ring-fencing reforms, raising concerns about the role of big banks in crafting the financial guardrails.

The meetings came as the Treasury sets up a taskforce to review the future of bank ring-fencing, according to people familiar with the matter.

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