Bank of England to ease rules for smaller and mid-sized banks

The Bank of England is to introduce rules to make it easier for smaller banks to compete (Yui Mok/PA) - (PA Wire)

The Bank of England has said it will implement rules which will make it easier for mid-sized banks to compete in the mortgage market and simplify restrictions for smaller finance firms.

It came as the central bank said it will push ahead with the majority of new capital rules for British banks at the start of 2027 but will delay part of the proposals.