Credit, Collections & Insolvency News
Almost two years on from the introduction of the Apprenticeship Levy, we are taking the opportunity to reflect on our experiences as a RoATP Provider so far and looking forward to what the future holds. Behind all the headlines about the mixed response to and success of the Apprenticeship Levy are some real success stories…
Read more
On 28th November 2018, the Bank of England (BOE) published the results for the 2018 Concurrent Stress Test run by the seven largest banks in the UK. Banks had to present their capital position across a 5-year forecasting horizon, under a stress scenario more severe than the 2008 financial crisis. While the results overall were…
Read more
The Financial Conduct Authority (FCA) has written to credit card firms to highlight the findings of its multi-firm review of fees and charges in prime and sub-prime credit card products and firms. It shared the findings of its review with participant firms and a number of changes have been made to how customers are charged…
Read more
With established markets in Italy, Spain and Greece still at the at the forefront of investor’s attention for Non-Perfoming Loans (NPL) investment, there is increased appetite to seek out new markets according to a new research report from law firm Ashurst. The report, A Global NPL Perspective, compiled the views of senior executives across the…
Read more
The Federation of Small Businesses (FSB) is urging the Government to help arrest a continued slump in small business optimism at next week’s Spring Statement. Published today, data from FSB’s latest quarterly SBI shows confidence among smaller firms remains negative in Q1 2019 (-5.0), down from +6.0 in the same period last year. This marks…
Read more
Consumer spending grew by 1.2 percent year-on-year in February, equating to a decline in real terms when adjusting for inflation according to new data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, shows that essential expenditure rose by 2.3 percent, propped up by relatively modest growth in supermarkets of…
Read moreThe Access to Cash Review has published its final recommendations calling on the Government, regulators and banks to act now or risk leaving millions behind. The review concludes that digital payments don’t yet work for everyone and around eight million adults (17% of the population) would struggle to cope in a cashless society. The Review’s…
Read more
Finance teams lack the digital skillset to embrace the latest advancements in artificial intelligence (AI), causing a negative impact on revenue growth, according to a new study from the Association of International Certified Professional Accountants (the Association) and Oracle. The study of more than 700 global finance leaders found that despite a clear correlation between…
Read more