Britain's government to update banks' ring-fencing regime

LONDON, May 13 (Reuters) - Britain's government has committed to updating the law underpinning the ring-fencing regime, which requires banks to separate their retail business from riskier activities such as investment banking.

In a document published Wednesday setting out parliamentary priorities, the government said reforms to the regime would unlock more finance for UK businesses.

“Improved competition in Small and Medium-Sized enterprises' (SME) lending will help small businesses access finance.”