Tagged: bank of england

February 29, 2016 @ 10:14 am By JD Alois  |  

Louise Beaumont, an executive at GLI finance and vocal advocate of small business, says more needs to be done to support UK small business.  Reflecting on the recent statement by the Bank of England and their credit numbers, Beaumont believes the slight increase in lending… Read More

February 2, 2016 @ 4:43 pm By JD Alois  |  

The Bank of England has published its periodic update on lending and, according to their to numbers, loans to non-financial businesses decreased by £3.7 billion in December 2015. This is compared to an average monthly decrease of £0.3 billion over the previous six months. The… Read More

January 26, 2016 @ 8:30 am By JD Alois  |  

HM Treasury has selected Andrew Bailey as the new Chief Executive of the Financial Conduct Authority (FCA).  Bailey replaces interim CEO Tracey McDermott who publicly revealed her decision not to seek a permanent assignment at the FCA in early January.  McDermott took over the helm… Read More

November 30, 2015 @ 10:54 am By JD Alois  |  

The Bank of England (BOE) announced the extension of the Funding for Lending Scheme (FLS) that was designed to provide easier access to capital for SMEs.  The BoE stated the program will provide lenders with continued certainty over the availability of cheap funding to support lending… Read More

June 24, 2015 @ 9:09 am By JD Alois  |  

  “A Branch-free, Paper-free and Stress-free Bank” The traditional banking industry has been rather slow to innovate.  Hundreds of years of operating branches, with tellers, is a hard thing to change.  It is also a costly and inconvenient business structure in a world where everything… Read More

May 28, 2015 @ 9:36 am By JD Alois  |  

The Bank of England has published the quarterly update on the Funding for Lending Scheme (FLS) for Q1 of 2015.  According to the report, net lending by FLS Extension participants to SMEs was £0.6bn in the first quarter of 2015. This compares with quarterly net… Read More

January 6, 2015 @ 7:57 am By JD Alois  |  

Peer to peer lender RateSetter has commented on the closing of the Bank of England’s / Prudential Regulation (BOE & PRA) Authority consultation paper which was opened for comments this past October.  The consultation paper delineates proposed changes in order to implement the Deposit Guarantee… Read More

December 2, 2014 @ 3:56 pm By JD Alois  |  

As expected, the Bank of England and HM Treasury have jointly announced a one year extension of the Funding for Lending Scheme (FLS).  The program, launched back in July of 2012, is designed to encourage lending to SME’s.  To date the program has failed to… Read More

November 30, 2014 @ 5:27 pm By JD Alois  |  

The Bank of England has published its periodic report on lending and, once again lending to SME’s has declined.  Even as the Funding for Lending Scheme (FLS) added participants, net lending was slightly negative. The FLS is a stimulus program that was launched by the… Read More

July 18, 2014 @ 8:53 am By JD Alois  |  

In contrast to a negative outflow during the previous period, net lending to UK businesses took a positive tack this past May.  The annual rate of growth in the stock of lending to SME’s and large businesses remained negative though.  This is from the Bank… Read More

May 29, 2014 @ 8:05 am By JD Alois  |  

The Bank has today published updated data on the use of the Funding for Lending Scheme (FLS). Today’s publication shows the net quarterly flows of lending to UK households and businesses eligible under the Scheme up to the second quarter of 2013. The aim of… Read More

April 22, 2014 @ 2:48 pm By JD Alois  |  

The Bank of England just released their periodic Trends in Lending report. In brief; “The annual rate of growth in the stock of lending to UK businesses remained negative in the three months to February. The stock of lending both to small and medium-sized enterprises and… Read More

December 17, 2012 @ 10:22 pm By JD Alois  |  

  Following the comments by Bank of England Director Andrew Haldane which challenged the hegemony of the traditional banking industry in the UK several Crowdfunding leaders voiced their support in CityAM for his comments; “pretty strong evidence that we are becoming a major threat”, and that… Read More

December 17, 2012 @ 7:45 am By JD Alois  |  

As reported in the Telegraph, Andrew Haldane a Bank of England Senior Director is on record stating; “I see opportunity knocking for finance,” he added. “Hopefully, the growth of peer-to-peer lenders and those involved in crowdfunding will help solve the problems we have with lending… Read More

October 31, 2012 @ 3:02 am By JD Alois  |  

Senior Bank of England executive Andy Haldane has backed calls for the creation of a shared database for the storage of customer account details, arguing that the move would help boost competition in financial services. In a speech at Occupy Economics’ Socially Useful Banking event… Read More