LONDON (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.
"The overall conclusion of this review is that most rules are performing satisfactorily," the BoE's Prudential Regulation Authority said in a statement, adding that it has identified some areas for improvement.
"The PRA intends to consult in due course on changes to its ring-fencing rules after a fuller exploration of the costs and benefits of the options identified," it added.
(Reporting by Huw Jones; Editing by Alison Williams)