News Column

Call to assist new UK banks

February 4, 2014

TIM WALLACE

COMPETITION in banking would be helped if small lenders did not face unnecessary burdens, the boss of the British Bankers' Association will say at a conference today. Anthony Browne wants rules to be changed to allow challenger banks to accept deposits from local councils - giving them access to a 30bn pool of deposits - and easier capital rules. Current rules make it more expensive for a small bank to lend as they must hold more capital against loans than bigger banks do.


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Source: City A.M. (UK)


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