Interest costs from mandatory regulation hold back growth of small and midsize banks, Treasury told

UK banks warn that debt rules jeopardise lending up to £62bn

The chief executives of 13 UK banks have written to the Treasury warning that regulation could prevent them from lending up to £62bn over the next five years.
Midsized lenders, including TSB, Metro Bank and Paragon, sent the letter this month urging the Treasury to amend rules that they say are holding back their growth, increasing their costs and affecting their ability to lend.
The banks that signed the letter are set to meet the city minister Andrew Griffith on Thursday, according to two people familiar with the situation.
This story originally appeared on: Financial Times - Author:Emma Dunkley