Zopa shows how to play your cards right in new illustrations

ZOPA has released a series of illustrations aiming to educate consumers about how best to utilise financial tools.

In its latest blog post, the light-hearted pictures liken credit and debit cards to a football team, to teach consumers about the … Read More

Consumer credit grows by £900m while mortgage approvals hit two-year high

DEMAND for personal debt remains strong, with consumers borrowing an additional £900m in July while mortgage approvals hit a two-year high.

The growth in consumer credit is broadly in line with the £1bn average over the past 12 months according … Read More

BoE notes weak demand for business finance

DEMAND for corporate credit remains subdued, according to the Bank of England’s latest report into business conditions.

The central bank attributed the weak demand to both strong cash balances and heightened uncertainty.

It noted that there had been demand for finance to … Read More

4th Annual LPGP Connect Private Debt New York

4th Annual LPGP Connect Private Debt New York

Date: 22 May, 2018

Venue: Marriott Downtown, New York

LPGP Connect 4th annual Private Debt conference brings together 250 LPs and GPs from the global private debt community to analyse the latest … Read More

IFRS 9 Expected Credit Loss Modelling MasterClass

IFRS 9 Expected Credit Loss Modelling MasterClass

Date: 19-20 April 2018

Venue: Vienna, Austria

The ECL MasterClass was designed to improve the level of knowledge in the field of modelling requirements from IFRS 9, the EBA Stresstest-Methodology, the EBA IRB-Guidelines and … Read More

Third of millennials borrowed over £1,000 last year

NEARLY a third (30 per cent) of consumers aged 18 to 25 borrowed more than £1,000 over the past year, research shows.

Equating to around two million people, it is the highest proportion of any demographic.

The report from Equiniti, … Read More

FCA extends credit assessment rules for P2P platforms

THE FINANCIAL Conduct Authority (FCA) is proposing widening the scope of affordability assessments for peer-to-peer platforms as part of a wider review of the high-cost credit sector.

A consultation released by the City watchdog on Monday morning said there was … Read More

Female entrepreneurs outperform male peers in crowdfunding campaigns

FEMALE entrepreneurs financing their ventures through crowdfunding are outperforming their male counterparts at a global level, new research has claimed.

Women-led campaigns were 32 per cent more successful than men-led campaigns, a study by accountancy firm PwC and trade body … Read More

Regulators urged to monitor cyber and credit risks of P2P sector

PEER-TO-PEER platforms can benefit markets by offering diversified sources of finance and promoting financial inclusion but they have higher levels of credit risk that need monitoring, regulators have been warned.

A report by international regulator, the Financial Stability Board (FSB), … Read More

Bank of England takes action to ward off consumer credit boom

THE BANK of England has expressed concerns about the boom in consumer credit by increasing capital that banks must set aside for losses.

The central bank’s financial stability report showed consumer credit – credit cards, personal loans and motor finance, … Read More