10
Aug
Bank chiefs address lending fears
Six UK bank bosses are to form a taskforce designed to help get
lending to businesses back on track.
British Bankers' Association boss Stephen Green outlined the
plans in a letter to chancellor George Osborne.
He said there was a "need to make sure that viable businesses
are able to obtain the finance they need to support the recovery of
the UK economy".
Mr Green, also chairman of HSBC, said the group would explore
problems affecting the markets.
'Private sector growth'
It would also examine other issues that would "influence the
ability of UK businesses to obtain the finance they need to support
private sector growth", he added.
Mr Green said it was essential that credit was available to
viable businesses and to help aid economic recovery.
The taskforce will also include members from the Treasury, BIS
and the Bank of England, Mr Green said.
"We, like you, believe there is a real need to make sure that
viable businesses are able to obtain the finance they need to
support the recovery of the UK economy," his letter said.
Its findings will be presented to Mr Osborne in October
Source http://www.bbc.co.uk/news/business