Try and find a couple of programs originally aired on Channel 4 called
Bank of Dave.
These were documentaries following a local businessman who decided that the banks were not serving the people and proceeded to set up an independent bank of his own - run for the people by the people.
Essentially, the regulators destroyed him, even though he pretty much ran things by the book and complied with UK financial regulations to the extent he was required to. Despite this, he had a
really hard time and had to spend literally months of non-stop campaigning, phonecalls, letter writing etc before he could even get anyone from the
Financial Services Authorityto agree to meet with him. I think there was ultimately a happy ending, but try and watch the two episodes - particularly the later one (Bank of Dave: Fighting the Fat Cats), as it will give you some kind of hint of what you are walking in to if you threaten the UK banking sector.
EDIT: Seems he wrote a book on his experiences:
Bank of Dave - How I Took on the Banks
