BoE prepares to break with EU rules on smaller banks

Bank of England
Bank of England
Photo: Juno Snowdon Photography

The Bank of England is consulting on a new regulatory framework for smaller banks that would cause it to diverge from the approach used in the European Union.

In a discussion paper published on April 29, the BoE sets out what it calls a “strong and simple” framework for regulating non-systemic banks in the UK.

The proposals would go further than EU regulations in simplifying prudential requirements for smaller banks. That is likely to stoke tensions with the bloc, as negotiators try to reach a

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