Finance & Leasing Association29 May 2020
The Bank of England’s Term Funding Scheme is only available to banks. However, our non-bank members play a significant role in supporting businesses and households across all sectors of the economy – including essential specialist finance to businesses in areas where banks do not typically offer finance. This is especially the case for those SMEs that would ordinarily fall outside of a bank’s normal credit risk appetite, such as start-ups or very small businesses. This paper sets out proposals for a term-funding pipeline for non-bank members of the FLA.
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