Lloyds Banking Group

British financial institution

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2019 Deadline for implementing the separation of banking services as mandated by the Financial Services (Banking Reform) Act.
2018 Traders were reported to be physically separated from colleagues and placed in a 'glass box' to comply with regulatory rules.
2017 Lloyds Bank Corporate Markets (LBCM) was created to comply with the Banking Reform Act, establishing a distinct investment banking arm within Lloyds Banking Group.
September 28 2016 Lloyds Bank Corporate Markets plc (LBCM) was officially incorporated as the investment banking arm of Lloyds Banking Group, created to comply with the Banking Reform Act.
2013 The Financial Services (Banking Reform) Act was passed, requiring separation of essential banking services from investment banking activities by 2019.

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