UK Gov urged to create domestic laws to replace EU regulations
The UK Government has been urged to consider creating domestic banking rules as the UK leaves the EU. Andrew Tyrie, chairman of the Treasury Committee, is encouraging policymakers to create laws that are less onerous on 'challenger banks', noting that the EU's current legislation makes it more difficult for smaller banks to grasp a market share.
By Alex Davis (July 20, 2016, 5:57 PM BST) -- A senior British lawmaker on Wednesday urged the government to look into the opportunities presented by the U.K.'s exit from the European Union and departure from EU laws to create domestic banking rules that are less onerous on so-called 'challenger banks.'...

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