Two key architects of bank ring-fencing in the UK said the rules had "undoubtedly" made the sector safer, despite protests from some lenders.

Amid the UK's plans to press ahead with its so-called Edinburgh reforms to free up the City post-Brexit, Sir Keith Skeoch and Sir John Vickers gave evidence on 1 February to the influential Treasury committee, which is investigating whether the time is right to relax banking regulations.