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Bank of England may reform to prevent future credit crunchThe Bank of England’s Financial Stability report contains suggestions for changes to the way in which lenders operate. The report stated that lenders will have stricter guidelines on the levels of liquidity and capital they have when lending. This may help to avoid banks overstretching themselves, which could prevent the kind of mortgage and remortgage shortage experienced by customers this year. One Response to “Bank of England may reform to prevent future credit crunch”Leave a Reply |
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November 5th, 2008 at 1:19 pm
The end of Maggie Thatcher’s Laissez Faire approach. Nice experiment while it lasted, I suppose.