Topics
The Standards for business customers
Why banks must be the future of funding and more for SMEs
The looming threat of a no-deal Brexit, coupled with a second national lockdown, promises a difficult winter for SMEs on top of what has already been a challenging year. Emma Lovell, Chief Executive of the LSB, explores why current uncertainty in the public sector is driving the private sector to step up and meet the needs of its SME business customers.
Lending Standards Board and UK Finance publish guidance for LIBOR transition
In partnership with UK Finance, we are publishing new guidance for firms in facilitating LIBOR transition for their SME business customers.
Atom bank becomes an interim registered firm with the LSB’s Standards of Lending Practice for business customers
We are delighted to announce challenger bank, Atom bank, is the latest interim registered firm of the LSB’s Standards of Lending Practice for business customers.
FCA confirms recognition for the LSB’s update to Standards for CBILS and BBLS lending
The FCA has confirmed that the formal recognition of the Standards of Lending Practice for business customers has been maintained and that recognition now covers the updates to the Standards issued by the LSB to take account of the Government’s new coronavirus lending schemes.
Coronavirus; working through it
In response to the coronavirus pandemic, Insight & Support published a series of thought pieces focusing on authorised push payment (APP) scams, vulnerability, and SME financial difficulty.
Response to the launch of Bounce Back Loan Scheme (BBLS)
The LSB supports the steps taken to assist business customers experiencing disruption caused by the coronavirus pandemic.
Response to the Chancellor’s announcement of changes to the Coronavirus Business Interruption Loans Scheme (CBILS)
The LSB welcomes the changes HM Treasury has announced to the CBILS to support the swift provision of finance to SMEs and the launch of the Bounce Back Loan scheme (BBL).
Themed review: Financial difficulties – Standards of Lending Practice for business customers
We have published a summary report of the financial difficulties themed review for the Standards of Lending Practice for business customers.