Bank of England sets out ways to help small banks grow

LONDON, July 22 (Reuters) - The Bank of England said on
Wednesday it wants to help smaller banks compete better in
mortgages, a sector long dominated by Britain's big lenders.

Sarah Breeden, the BoE's executive director for UK Deposit
Takers Supervision, said many of the new banks authorised since
2014 seem to have underestimated what is needed to become
successful.

"We are considering, in particular, whether there might be
scope to introduce a new regime for smaller banks following
Britain's departure from the European Union," Breeden said in a
speech released on Wednesday.
(Reporting by Huw Jones, editing by Louise Heavens)

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