Turning a Corner – joint LSB and IFT report launched
Coronavirus and the steps taken …
Turning a Corner – joint LSB and IFT report launched Read More >
Business Standards
Standards for all: delivering good outcomes regardless of size
In an increasingly complex regulatory landscape, the sheer number of rules and requirements can seem overwhelming for financial services firms. But this does not mean that ensuring good customer outcomes should fall off the agenda.
Response to Government support schemes for SMEs
We welcome the additional support measures for SMEs that the Government announced in this afternoon’s budget in order to help them navigate out of lockdown. However, banks and financial service providers need to continue to step up and rally around the SME community.
Azzurro Associates becomes an interim registered firm to the Standards of Lending Practice for business customers
Today the LSB is pleased to announce that commercial debt solution provider, Azzurro Associates, has become an interim registered firm to the Standards of Lending Practice for business customers. The move signals their commitment to uphold the highest of standards in the treatment of their 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.