LONDON, Oct 6 (Reuters) - The Bank of England said on Mondaythat British banks must submit plans for splitting theirinvestment banking activities from their routine retailoperations by Jan. 6, 2015.
The Bank of England said UK banks - including Barclays, HSBC, Royal Bank of Scotland andLloyds Banking Group - must put forward legal andoperational plans for ringfencing by that date.
Britain is introducing new rules that will throw aprotective boundary around domestic high street banking in aneffort to protect taxpayers from having to bail out losses madein riskier parts of investment banking. The changes will comeinto effect by 2019.
(Reporting by Huw Jones and Steve Slater; Writing by MattScuffham; Editing by Nishant Kumar)
Barclays (BARC)
Lloyds (LLOY)
HSBC Holdings (HSBA)
