LONDON, Jan 19 (Reuters) - Capital requirements for the
retail arms of Britain's banks have generally not harmed
competition, but do create unnecessary complexity for customers,
lenders and regulators, an independent review said on Wednesday.
"The ring-fencing regime has had no significant impact on
competition in retail banking or its submarkets," the review
commissioned by the finance ministry said in an interim
statement.
The review is working on recommendations to increase
flexibility in the rules and reduce unnecessary complexity, it
said.
(Reporting by Huw Jones, Editing by Louise Heavens)