Bank of England starts push to simplify bank rules

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.

(Reporting by Huw Jones; Editing by Hugh Lawson)