Britain reveal plans to ease way for new banks

Plans to make it easier for new banks to challenge the dominance of the current “big four” players were announced by policymakers in the UK today.

Britain reveal plans to ease way for new banks
Tue, 26 Mar, 2013 - 12:52

Plans to make it easier for new banks to challenge the dominance of the current “big four” players were announced by policymakers in the UK today.

The Financial Services Authority (FSA) and Bank of England believe new banks should be allowed to hold less capital than larger institutions.

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