On November 30, 2015, HM Treasury published a policy paper on boosting competition in the UK which, amongst other things, states that the UK government aims to boost competition with the establishment of a New Bank Start-Up Unit which will make it easier for new banks to enter the market. The new unit will be launched by the PRA and FCA on January, 20 2016 and will provide firms with named case officers at both regulators that will be able to assist new banks wishing to enter the market and through the early stages of authorization.

The policy paper is available at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/480797/a_better_deal_for_families_and_firms_print.pdf.