Re:Mondo bank taking £1m crowdfunding investment
by abritishguy on Monday February 15, 2016 @07:30AM
(#11102962)
>After 2008, unfortunately, regulations have made it much more difficult to incorporate a bank
The capital requirements to launch a bank have actually been relaxed since the financial crash. The government wants more competition in the industry and the regulator has been working to make that happen.
The capital requirements to launch a bank have actually been relaxed since the financial crash. The government wants more competition in the industry and the regulator has been working to make that happen.