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UK Regulator In Talks With 5 Banks Over Pension Plan Risk

Law360, London (February 7, 2018, 4:30 PM GMT) -- The U.K.'s pensions regulator said Wednesday that it was holding talks with five of the U.K.'s biggest banks over plans to split their retail arms from their riskier investment operations by January 2019.

HSBC, Barclays Bank PLC, Banco Santander, Royal Bank of Scotland PLC and Lloyd’s Banking Group PLC are in talks with The Pensions Regulator about where to place their pension schemes to comply with the U.K.’s impending ring-fencing rules.

Later this month Barclays will become the first of the five banks to set out...
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