UK to Relax Ring-Fencing of Banks in Brexit Deregulation

UK to Relax Ring-Fencing of Banks in Brexit Deregulation

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the UK's plan to relax ring fencing in banks as part of deregulation efforts, aiming for a 'Big Bang 2.0' post-Brexit. It highlights the original purpose of ring fencing to manage risk and the government's view that it traps capital. The discussion also covers the economic challenges posed by Brexit, including labor market inflexibility and growth constraints, as noted by Bank of England officials.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the purpose of ring fencing in banks?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the UK government justify reducing ring fencing?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the criticisms regarding the government's approach to innovation?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In what way is Brexit affecting the labour market according to the Bank of England's chief economist?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the relationship between Brexit and inflation as mentioned in the text?

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