UK Regulation and Challenger Bank Growth
The UK's prudential regulatory approach is holding back the country's homegrown challenger banks, creating an uneven playing field and undermining their international competitiveness, according to a new report from Innovate Finance.
The report, published in partnership with law firm Hogan Lovells, argues that current prudential requirements are imposing excessive burdens on challenger banks, constraining growth and limiting investment in the UK banking sector.
- Challenger banks account for around 60% of all lending to the UK's small and medium-sized enterprises (SMEs), according to the British Business Bank.
The UK’s prudential regulatory approach is holding back the country’s homegrown challenger banks, creating an uneven playing field and undermining their international competitiveness.
Author's summary: UK regulation hinders challenger bank growth.
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