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UK government looking to reorganise UK banking sector

It has been revealed by Treasury sources that the UK government has begun a plan to reorganise, and arrange substantial disinvestment, by large UK financial institutions. While many people had already suspected that the UK government had such a plan in mind, the fact that the Treasury has unofficially confirmed this has now put the UK financial sector on red alert.

We have already seen the EU commission effectively order Royal Bank of Scotland to disinvest itself of its insurance division and there would appear to be more "orders" on the way. While the financial sector may well be concerned about realising value for money for any assets which need to be sold, there will no doubt be a number of potential investors wringing their hands and expecting the "bargain of a lifetime". However, will these changes stick in the longer term?

We have seen various reorganisations of the UK financial sector over the years, some successful and some not so successful, but ultimately when businesses continue to grow and look further afield for their expansion plans, they do become larger and larger. As we have seen over the last few years, many of the larger UK financial institutions have exposure all around the world and ultimately dictate what happens to the UK banking sector, although the government and regulators may disagree!

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