NatWest Markets


Protecting retail customers from risk

Ring-fencing is a law that requires the larger UK banks to separate their everyday retail banking services from investment banking services.

It was introduced in January 2019, and was designed to make banking safer and help protect the UK economy.

The NatWest Group retail bank is therefore ring-fenced, and NatWest Markets operates as a non ring-fenced bank.

You can find out more in our ring-fencing customer guide or on the NatWest Group ring-fencing pages

Our offering

Ring-fenced bank

NatWest Markets (non ring-fenced bank)*

Outside the ring-fence - RBS International*

* Subject to customer eligibility.
** Limited derivative products offered to certain Commercial customers.
*** NatWest Markets will lend to non EEA Corporate customers if required.

All products are subject to eligibility. This table doesn't set out the detail or exceptions relevant to specific exposures or products.

¹ Commercial: turnover < £6.5m a year, < 50 employees or balance sheet < £3.26m.
² Financial Institutions with whom ring fenced banks can have financial exposures, including other ring fenced banks, building societies and small insurers.
³ Relevant Financial Institutions: large banks, funds and Global Systemically Important Insurers.
⁴ Trade Finance to RFIs will only be permitted in certain circumstances.

RBSI will also offer the following:

  • Main banking
  • Savings
  • Unsecured lending
  • Mortgages
  • Spot FX / FX Fwd

Contact us

You can email us with any questions at ringfencing@natwestmarkets.com.