Schroders Warns U.K. Treasury on Bank Rules, Telegraph Says

Schroders Plc (SDR) warned the U.K. treasury that excessive regulation could put off investors from investing in banks, the Sunday Telegraph reported, citing an interview with Richard Buxton, head of U.K. equities.

Government-backed plans to put firebreaks around retail banking aren’t detailed enough for investors to understand their likely impact, he said, the newspaper reported.

To contact the reporter on this story: Howard Mustoe in London at hmustoe@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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