The Bank of England (BoE) today revealed it will extend its Funding for Lending Scheme (FLS) for an additional year in the hope of providing relief to credit-constrained small and medium-sized enterprises (SMEs).
The FLS was launched in 2012, offering funding to banks in exchange for an increase in their lending activities. The scheme was refined in November 2013 to specifically target lending to SMEs, and was set to close in January 2015. It will now continue until January 2016.
Mark Carney, th
- Is the pursuit of a common accounting standard for gold a fool’s errand?
- World’s largest SWF bars investment in four companies for guideline breaches
- Bank of Jamaica’s Wynter on the path to inflation targeting
- BoE minority staff score lower in first diversity survey
- Vietnam says it is “actively prepared” to intervene in forex market