UK: Banking reform - draft secondary legislation published

As part of reforms being made to the regulatory framework governing banks, including the Financial Services (Banking Reform) Bill currently before Parliament, the Government has published draft secondary legislation for comment: see here (pdf). Drafts of the following are included: Ring-fenced Bodies and Core Activities Order; Excluded Activities and Prohibitions Order; Banking Reform (Loss Absorbency Requirements) Order; and Prescribed International Organisations Regulations.