I presented at a great conference last week on how ot start a bank. The conference featured some fine discussions of the challenges and opportunities of opening a new bank in Britain, and included a presentation from Victoria Raffé. Victoria was, until recently, the go to person fornprocessing bank licence applications with the Financial Conduct Authority, and is now independent.
Victoria talked about the applications in process, and highlighted that most new banks in the past three years have been overseas subsidiaries of foreign banks rather than new banks. However, there are 26 being processed today.