....The bank was forced to offer itself for sale after it was unable to reach a strong enough footing to satisfy the Bank of England's regulatory requirements. It blamed low interest rates and the higher-than-expected cost of its turnaround plan for its failure to meet the Bank's Prudential Regulation Authority
(PRA) rules. ...
[Read full article on BBC
Friday 24th of March 2017 09:52:14 AM
....The Bank’s financial policy committee wants to know whether the increase marks a return to the bad old days when lenders put themselves in jeopardy by making it far too easy to obtain credit. A report into credit quality being conducted by the Prudential Regulation Authority
will be the trigger for action if it finds that competition for business has led to a dilution in credit quality. ...
[Read full article on Guardian
Monday 27th of March 2017 02:29:00 PM