OakNorth, a successful new challenger bank in the UK, is calling on the UK Treasury to use Brexit as an opportunity for regulatory reform in banking. They argue that Brexit presents an opportunity to move the UK away from the European Banking Authority’s onerous Basel standards that must be adhered to by all banks regardless of size. Small businesses will get more access to capital with less onerous standards for smaller banks. Source.
Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.