Competition laws hamstring banks in Covid-19 financing hunt
Bankers trying to arrange finance for companies during the coronavirus crisis are being hindered by competition rules that control when and how they can talk to other banks.
Competition laws have grown to play an integral role in financial services, particularly since the 2008-9 financial crisis. However, some loan market bankers said that these laws prevent lenders from having visibility of other banks' positions, thereby preventing market players reaching effective outcomes for their clients."The UK and ...
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