The UK Should Follow Australia’s Lead in Assisting Non Bank Lenders

While writing in AltFi LendInvest’s Executive Chairman Christian Faes said the UK government should follow what Australia has done to help non bank lenders better weather the crisis; Australia created a Structured Finance Support Fund which allowed the government to actively buy into the securitization market to support nonbank lenders; the move allowed the capital markets to continue to function, while in the UK capital markets have essentially froze; the UK government approved 40 accredited lenders to help lend £350bn to small businesses, as of Friday about £90m was deployed; Faes argues that the UK is one of the world’s fintech leaders and more needs to be done soon in order for the country to keep that mantle; more importantly if more is not done to save the sector you will see lenders and the businesses they serve start going out of business. Altfi

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]