Bank of England starts push to simplify bank rules

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By Reuters

Published on 30/04/2021 - 02:45•Updated 23/04/2024 - 20:39

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LONDON (Reuters) - Simpler rules for smaller banks won't mean a compromise on safety, the Bank of England said on Thursday as it launched a post-Brexit rethink of regulation.

"What we aim at is a simpler regime which delivers the same level of resilience for small firms in a more efficient way," Victoria Saporta, the BoE's executive director for prudential policy, said in a speech.