FSA Sees Reclassifying Subprime As Prime

The U.K.’s Financial Services Authority reportedly says building societies may be able to reclassify subprime loans as prime if they have performed well for five years.

  • 26 Mar 2010
The U.K.’s Financial Services Authority reportedly says building societies may be able to reclassify subprime loans as prime if they have performed well for five years. The FSA says that while it does not believe seasoned high loan-to-value lending become less risky for a society just because a ...

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4 Barclays 4,040 11 6.87
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