Banks - Retail Banking Review - little tangible impact.

Davy Research
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While the Retail Banking Review contains a large number of recommendations, these are likely to have modest impacts on investment cases and in some instances look to equalise treatments between bank and non-bank providers by bringing non-bank activities within regulated perimeters. As we stated yesterday (November 29th), the relaxation of remuneration restrictions is welcomed, while clarity on policy direction is also extremely helpful in the context of the significant market changes.