Shoosmiths supports British 'challenger' bank
Aldermore, the new British ‘challenger’ bank, is being provided with legal support by Shoosmiths, as it continues to participate in the government-backed Funding for Lending scheme (FLS).
Launched by the Bank of England and HM Treasury last August, the scheme is designed to incentivise financial institutions to boost lending to UK households and businesses. The Bank of England and HM Treasury recently announced that the FLS scheme is to be extended until January 2015.
Data released by the Bank of England confirms that, during the first quarter of 2013, Aldermore’s net lending of £230m to the UK economy was in the top six of all the lenders in the scheme.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
How do public sector landlords tackle the problem of access in respect of gas safety inspections and fire safety risk in leasehold properties?
OFT launches a market study into residential property management services to leaseholders in England and Wales
The OFT has launched a market study into residential property management services that will look at how the market is working for leaseholders and freeholders in England and Wales.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…