It was created from the then RBS Group's corporate and institutional banking division in 2016, as part of a structural reform intended to comply with the requirements of the Financial Services (Banking Reform) Act 2013 and to give the NatWest brand greater prominence. The Act implements the Independent Commission on Banking recommendation that domestic retail banking should be "ring-fenced" from riskier trading activities by 2019.RBS brings back NatWest Markets name as part of 'ring-fencing' BBC News, 30 September 2016 The ring-fenced sub-group, NatWest Holdings, was created at the same time.
