Financial Services Financial Services

Financial services ‘big bang’ needed to break up dominance of UK’s big banks, lawmakers say

An overhaul of financial services regulation is needed to allow challenger banks and building societies to compete with the behemoths, a group of UK lawmakers said today.
The cross-party group of lawmakers told the government that “regulatory intransigence” is holding back smaller lenders from growing and that a post-Brexit law

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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