The launch of new schemes of small business lending

The Government is asking for applications to manage £500 million of investment available through the Business Finance Partnership (BFP), a new scheme that aims to ease the flow of credit to small and mid-sized enterprises by diversifying their sources of finance and making them less reliant on banks.

Banks are not ready for Risk Analytics in the Cloud!

Banks have been reluctant to handle data-heavy tasks such as credit risk analytics in the cloud, for understandable reasons. But firms such as CubeLogic hope this will change, given the rapid pace of new regulations, heightened risk management mandates and the potential of external economic shocks that can potentially change a bank’s exposure to potential credit peril faster than traditionally deployed risk systems can handle.

In FSA requires companies display a mechanism of compensation of deposits

From the 31st August 2012, the Financial Services Authority (FSA) will require all banks, building societies and credit unions to prominently display posters and stickers in branches and on websites explaining which deposit guarantee scheme applies to their customers’ deposits.