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|Carney's decision was spot on - now the onus is on banks: Comment from Kevin Caley|
|Thursday, 07 July 2016|
Commenting on Mark Carney’s decision to cut capital requirements for UK banks, Kevin Caley, Founder and Chairman of P2P lender ThinCats said: “Mr Carney’s decision to reduce capital buffers for banks and free up £150billion is undoubtedly the right decision for the British economy. But it remains to be seen whether this will actually benefit SMEs. The onus is truly on banks to respond in the correct way, by reassuring businesses that they can access the funding they desperately need.
“The economy requires stimulus from the ground up and until high-street lenders recognise and act upon this, the alternative finance sector will continue to play a vital role in bridging the funding gap.”
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