Rachel Reeves’ banking reforms ‘unlikely to be transformative’

cityam11-03

Rachel Reeves and Andrew Bailey at Mansion House 2024. Rachel Reeves’ financial services growth mission faces a major blow with top City voices warning her regulatory reforms won’t be transformative....

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2580213320?lang=en_US&edition=fundamental","thumbnail":"https://www.cityam.com/wp-content/uploads/2024/11/01JCPB1MZDQ4S7JF46ZEYDYNGD-e1731682827515.jpg?w=286&h=161&crop=1","is_english":true,"pubTime":"2025-11-03 20:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2580213320","market":"fut","top_or_hot":-1,"title":"Rachel Reeves’ banking reforms ‘unlikely to be transformative’","media":"cityam","content":"<div>\n<p>Rachel Reeves and Andrew Bailey at Mansion House 2024. Rachel Reeves’ financial services growth mission faces a major blow with top City voices warning her regulatory reforms won’t be transformative....</p>\n\n<a href=\"https://www.cityam.com/rachel-reeves-banking-reforms-unlikely-to-be-transformative/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rachel Reeves’ banking reforms ‘unlikely to be transformative’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRachel Reeves’ banking reforms ‘unlikely to be transformative’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-03 20:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/rachel-reeves-banking-reforms-unlikely-to-be-transformative/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rachel Reeves and Andrew Bailey at Mansion House 2024. Rachel Reeves’ financial services growth mission faces a major blow with top City voices warning her regulatory reforms won’t be transformative....</p>\n\n<a href=\"https://www.cityam.com/rachel-reeves-banking-reforms-unlikely-to-be-transformative/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4107","symbol_name":"财产与意外伤害保险","start_time":0,"source_url":"https://www.cityam.com/rachel-reeves-banking-reforms-unlikely-to-be-transformative/","article_id":"2580213320","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/11/01JCPB1MZDQ4S7JF46ZEYDYNGD-e1731682827515.jpg?w=286&h=161&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/rachel-reeves-banking-reforms-unlikely-to-be-transformative/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2580213320","pubTimestamp":1762174300,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Rachel Reeves and Andrew Bailey at Mansion House 2024. Rachel Reeves’ financial services growth mission faces a major blow with top City voices warning her regulatory reforms won’t be transformative.The Chancellor unveiled her Leeds Reform package intended to “rewire the financial services industry” in July this year.Whilst the moves were cheered by industry bigwigs, analysts have raised concerns the changes will fail to make material difference across the sector.Simon Ainsworth, banking analyst at Moody’s Ratings, told City AM the package was “not really going to be moving the dial to a material extent for UK banks”.“They’re unlikely to be transformative, either for the banking system or as a driver for near term UK economic growth”.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4107":"财产与意外伤害保险","PRA":"ProAssurance Corp"},"translate_title":"蕾切尔·里夫斯的银行业改革“不太可能带来变革”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PRA":1},"content_text":"Rachel Reeves and Andrew Bailey at Mansion House 2024. Rachel Reeves’ financial services growth mission faces a major blow with top City voices warning her regulatory reforms won’t be transformative.The Chancellor unveiled her Leeds Reform package intended to “rewire the financial services industry” in July this year.Whilst the moves were cheered by industry bigwigs, analysts have raised concerns the changes will fail to make material difference across the sector. Simon Ainsworth, banking analyst at Moody’s Ratings, told City AM the package was “not really going to be moving the dial to a material extent for UK banks”.\n\n“They’re unlikely to be transformative, either for the banking system or as a driver for near term UK economic growth”.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPlans included a crackdown on the banking ombudsman amid fears it had become a “quasi-regulator” and changes to the MREL threshold, which dictates minimum amount of money and certain types of debt a bank must have.Reeves also said the City minister, who was replaced by Lucy Rigby in the reshuffle, would lead a review into ring-fencing – the highly-contested system separating a lenders’ retail and investment activities.The Chancellor has touted financial services as being “at the heart” of Labour’s strive for economic growth.\n\nLloyds chief Charlie Nunn welcomed the “ambition shown” in the Leeds Reforms whilst boss of Santander UK Mike Reigner said: “The changes outlined within the package are important steps to modernising the UK’s regulatory architecture.”Reeves’ plans no ‘magic bullet’But Ainsworth said the policies alone did not amount to “the magic bullet”.“The Leeds package will not materially alter the credit risk or lending volumes that the banks are doing in and of itself,” he added.The package also helped relax rules to allow banks to lend more money to first-time buyers (over 4.5 times their salary), while also keeping high Loan-to-Value (LTV) mortgages available via a new permanent guarantee scheme.\n\nThe Prudential Regulation Authority (PRA) has estimated the percentage of these loans would edge to 11 per cent from 9.7 per cent of all mortgage loans. Ainsworth said this was “marginally positive, but not shifting the dial in terms of volume or credit risk”.Mid-cap banks would likely be the target of any boost, Ainsworth said, with the reforms “broadly supportive of growth, particularly for smaller lenders”.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2580213320","isCrawlerRequest":true}