Small banks could reap regulatory dividend from Brexit - Bank of England
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LONDON (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."There may be a reasonable case that a simpler -- simpler not weaker -- regime for small firms would advance both our safety and soundness and competition objectives," Deputy Governor Sam Woods said in a..