Britain makes it easier for start up banks

LONDON, March 26 (Reuters) - Start-up banks in Britain won'tneed as much capital as their established rivals, the UKFinancial Services Authority said on Tuesday in a new policymove to boost competition.

Under pressure from lawmakers to increase choice on a highstreet dominated by four banks, the FSA unveiled changes tospeed up authorisation of new entrants.

There will also be lighter capital requirements in the firstthree years as long as the bank can show that deposits areinsured and the firm can be wound up easily withoutdestabilising markets.

There will also be reduced liquidity requirements, the FSAsaid in a statement.