January 17, 2019 / 3:04 PM / 4 months ago

Bank of England says small banks could reap Brexit regulatory dividend

LONDON, Jan 17 (Reuters) - Brexit could allow Britain to simplify rules for smaller banks to boost competition in a sector still dominated by the “Big Four” lenders, the Bank of England said on Thursday.

Financial rules in Britain are written by the European Union, which the UK is due to leave in March. (Reporting by Huw Jones Editing by Edmund Blair)

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