Tue, 22nd Sep 2020 09:44
LONDON, Sept 22 (Reuters) - Britain will adopt less
bureaucratic financial rules after Brexit, starting with simpler
regulation of small banks, Bank of England Deputy Governor Sam
Woods said on Tuesday.
The BoE will propose the simpler rules for smaller lenders
in a month or so, a step that would have been impossible to
agree if Britain was still in the European Union, Woods told a
City Week online event.
(Reporting by Huw Jones, editing by Louise Heavens)
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