Ring-fencing and Lloyds Bank International

Following the financial crisis, UK legislation was passed to better protect customers and the day-to-day banking services they rely on. The new rules meant large UK banks needed to separate personal banking services provided in the UK and EEA, such as current and savings accounts, from risks in other parts of the business, like investment banking and personal banking activities provided outside the EEA. This is called “ring-fencing”.

What ring-fencing means for Lloyds Bank Corporate Markets plc

We’ve set up a new non-ring-fenced bank, Lloyds Bank Corporate Markets plc which is separate to Lloyds Bank plc but still part of Lloyds Banking Group.

We have updated our branding to reflect this change so you’ll start to see Lloyds Bank International feature as part of our logo on letters and brochures.

Your eligible deposits will be protected as they are today

We continue to be regulated in the same way and any eligible deposits you have will continue to be protected under the relevant scheme. You can find more on our Depositor Compensation Schemes page.

Lloyds Bank Corporate Markets plc is managed by their own boards of directors.

Be extra vigilant about fraud

Although the majority of our customers will see no changes, other banks will be making changes related to ring-fencing. During this period of change in UK banking, you should be extra vigilant about fraud.

Don’t assume that letters, phone calls, emails and text messages are genuine even if the person knows information about you.

Don’t feel pressured into making a decision or acting quickly. A genuine bank or organisation won’t mind waiting if you want time to think.

If you receive instructions about a change in bank details from companies you make regular payments to, you should contact them on a number you normally use to check these are genuine.

At Lloyds Bank we’ll never call you and ask you to:

  • Share any Online Banking, Internet Banking account details like username, user ID, password and memorable information.
  • Tell us your Personal Security Number (PSN) or other password for Telephone Banking.
  • Tell us any PIN codes, expiry date, CVV number (the last 3 digits of the security code on the back of any card you may hold).
  • Move money to a so-called secure, safe, holding or savings account.
  • Move your money or ask you to transfer funds to a new sort code and account number that we provide.

For more information on how to stay secure online, visit our security pages which include details of our online and mobile banking guarantee.

If you have accounts with other banks

If you have accounts with other banks, they will tell you if your accounts are affected by the changes they are making. If you have any questions you should contact the relevant bank directly.

Lloyds Bank Corporate Markets plc is the business name for Lloyds Banking Group’s Non-Ring-Fenced Bank. Lloyds Bank Corporate Markets plc was authorised with restrictions on 25 July 2017, and is now included on the Financial Services Register (Reference number: 763256).

Lloyds Bank Corporate Markets plc, Jersey, Guernsey and Isle of Man Branches

Lloyds Bank Corporate Markets plc is authorised and regulated in the U.K. as the non-ring fenced bank of the Lloyds Banking Group. The Jersey, Guernsey and Isle of Man branches of Lloyds Bank Corporate Markets plc are each separately licensed as regulated deposit-takers in their respective jurisdictions.

Lloyds Bank Corporate Markets plc is independent from Lloyds Bank plc, which is authorised and regulated in the U.K. as the ring fenced bank of the Lloyds Banking Group. For more information on ring-fencing visit lloydsbank.com/international/ringfencing.