Proposals to be unveiled as Bank of England announces its estimate of the size of capital shortfalls at the UK's major lenders
Proposals to allow new banks to challenge established high street players will be announced this week, as the Bank of England prepares to announce the size of any capital shortfalls at the major lenders.
The Bank's financial policy committee (FPC) estimated in November that banks could have a £60bn hole in their capital if they made more objective assessments of the losses they faced. The FPC's pronouncement on the actual size of the shortfall are expected on Wednesday, shortly after the Financial Services Authority (FSA) sets out proposals to enable new banks to be set up more easily by allowing them to hold less capital than high street institutions.
See full Article: http://www.guardian.co.uk/business/2013/mar/25/fsa-proposals-new-banks
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