Regional banking and diversity: an answer to UK’s banking crisis?

The aim of this document is to provide supplementary evidence of the benefits of a diverse and regional banking sector. The research presented here provides a specific narrative in which a diverse and regional banking sector should be discussed. In other words, it argues that UK retail banking suffers from a lack of diversity and that current government policy is not equipped to alter this reality; instead, new entrants to the UK retail banking sector would require different ownership structures and business models to have a marked impact on the sector as a whole.