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Nava Finance responds to results of BoE stress test PDF Print E-mail
Thursday, 01 December 2016
Following the results of the Bank of England’s stress test, Abhai Rajguru, co-founder and director of Nava Finance, said: “The Bank of England’s stress test results demonstrate the challenging environment for UK banks, which will constrain their ability to serve their clients. The tougher regulatory regime, requiring high levels of capital and liquidity, with the additional challenge of political and economic uncertainty is likely to limit their capacity to lend. The growing alternative lending sector can play an active role in filling the funding gap, while also providing good value loans to consumer and business borrowers abandoned by high street banks.”
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