Important ring-fencing information

Important ring-fencing information

The UK Government has passed legislation which requires banks to separate their retail and investment banking activities by 1 January 2019. To comply with this legislation, the RBS Group (RBS) needs to undertake a reorganisation of its group legal entity structure and business model.

Following the reorganisation, RBS will be split into a ring-fenced bank sub-group structure and multiple entities outside the ring-fence.  During December 2016 we changed our brand from RBS Corporate & Institutional Banking (CIB) to ‘NatWest Markets’. The majority of the existing NatWest Markets business will be outside the ring-fence.

NatWest Markets is now the marketing and trading name under which RBS Group offers our financing, risk management and trading solutions. On April 30 2018, we renamed the legal entity of RBS plc to NatWest Markets Plc in readiness to operate as a non ring-fenced bank once the rules come into effect on 1 January 2019.

What this means for you

For now very little is changing. You’ll continue to perform business with NatWest Markets in the normal way. Any transactions that you have with NatWest Markets Plc as at 1 January 2019 will be with the non ring-fenced bank.

Any questions?

If you would like to talk to us about this or anything else, please contact your usual point of contact at the bank; alternatively you can email us at

More information about ring-fencing

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