Banks face Britain's ring-fence hurdle in hiring directors
Under new rules, senior bankers will be held to account for reckless decisions that cause a bank to fail
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London
BRITAIN'S major lenders may find it hard to hire dozens of directors that are required as part of a radical reshape of the industry aimed at protecting it from future investment bank crashes.
Britain wants banks such as HSBC, Barclays and the UK arm of Spain's Santander to ring fence their retail units from their wholesale operations, including creating a separate board for their retail divisions that would be independent of the parent group.
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