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David Green: Bank ringfencing — hope for the best but prepare for the worst

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Ringfencing will force the restructuring of banks. Will treasury departments join the new "investment" institutions or stay with the safer "utility" businesses. Either way,

The biggest risks in local government finance, a backlash over debt write-offs as part of LGR, and a distaste for EFS were revealed in Room151’s annual treasury and finance survey.

(Tina Miguel photography)