Do as I say, not as I do, says Old Lady

Bank of England
By Sam Kerr
29 Jun 2017

Surely peak chastisement of the financial services industry was reached this week when the Bank of England berated UK lenders for using what by any standard must seem prudent risk modelling.

The Bank's Financial Stability Report this week chastised UK mortgage lenders for using the performance of mortgages under present market conditions, as an indicator as to whether borrowers are going to pay back what they owe.

The Bank said that lending conditions in the mortgage market are becoming easier ...

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