All
 

 

Just in:  

You are here: Home»Top News»Front Top News»Britain makes it easier for start up banks

uk-400LONDON: Start-up banks in Britain won't need as much capital as their established rivals, the UK Financial Services Authority said on Tuesday in a new policy move to boost competition.

Under pressure from lawmakers to increase choice on a high street dominated by four banks, the FSA unveiled changes to speed up authorisation of new entrants.

There will also be lighter capital requirements in the first three years as long as the bank can show that deposits are insured and the firm can be wound up easily without destabilising markets.

There will also be reduced liquidity requirements, the FSA said in a statement.

Copyright Reuters, 2013


 



 
Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln