-
@ Emeritus Prof Christopher May
2025-05-08 16:49:10
So the Bank of England is scrapping limits on lending & 'treasury activities' that were introduced 17 years ago in the war of Northern Rock and Bradford & Bingley's problems after the financial crisis.... with the implied reasoning that building societies are better managed & more able to assess risk than they were then.
This reflects the Govt's deregulation agenda, but as a Trump inspired crisis looks possible, is this the right time to be abolishing such limits?
#FinancialServices
h/t FT