UK bank rules won't revert to pre-crisis days after Brexit: regulator

London

DON'T expect a revolution in banking regulation if the UK chooses to leave the European Union (EU) in a referendum this June.

That's the message hammered home in recent weeks by Andrew Bailey, head of the Prudential Regulation Authority, as Prime Minister David Cameron was shuttling between EU capitals pushing for changes in the UK's relationship with the 28-nation bloc.

"If the UK were to leave, do not imagine that there would be a bonfire of regulations at that point," Mr Bailey said on Feb 5. "That is not going to happen", because UK rules are part of a common response to …