Regulatory Changes Needed So That Smaller Banks Can Hold Their Own against the Giants; Partner at Gambit Corporate Finance Frank Holmes and Alex Griffiths, an Undergraduate at the School of Management of Cardiff Metropolitan University, on Why Smaller Lenders Need a Level Playing Field in Providing Finance to SMEs

Western Mail (Cardiff, Wales), April 24, 2013 | Go to article overview

Regulatory Changes Needed So That Smaller Banks Can Hold Their Own against the Giants; Partner at Gambit Corporate Finance Frank Holmes and Alex Griffiths, an Undergraduate at the School of Management of Cardiff Metropolitan University, on Why Smaller Lenders Need a Level Playing Field in Providing Finance to SMEs


Byline: Frank Holmes and Alex Griffiths

MANY SMEs feel that large high-street banks are unwilling to lend to them.

This is the persistent gripe of many owner-managed companies despite government intervention.

The reality is that bank lending to businesses is falling. For eight consecutive months lending has decreased, and is now at the lowest it has been for three years.

The big banks are preoccupied with their large portfolios, toxic debt and satisfying regulatory capital reserves requirements.

These priorities deflect attention and probably kill an appetite for new lending to SMEs.

The lack of advances from high-street banks, however, has opened up the market, prompting asset finance specialists and smaller investment funds turned banks, to up their game.

These smaller firms operate under bank licences and due to the shift in bank sentiment are able to implement strict lending criteria; which has not stopped the borrowers coming forward.

In the UK, there are 234 banks excluding building societies and overseas banks. The irony is that it is the large banks that have stopped lending to SMEs, instead choosing to lend to smaller banks and asset finance firms, so that they can then lend to the SMEs the large banks did not want to engage with.

Smaller banks such as Aldermore and Close Brothers specialise in providing asset finance for hire purchase and leasing, as well as invoice finance allowing SMEs to unlock capital when fast access to funds is needed. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Regulatory Changes Needed So That Smaller Banks Can Hold Their Own against the Giants; Partner at Gambit Corporate Finance Frank Holmes and Alex Griffiths, an Undergraduate at the School of Management of Cardiff Metropolitan University, on Why Smaller Lenders Need a Level Playing Field in Providing Finance to SMEs
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.