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Comment: Financial regulation inevitable for sour loan-laden UK lenders

By Fiona Maxwell ( August 18, 2020, 13:37 GMT | Comment) -- British banks face having to tackle a barrage of nonperforming loans when the dust settles from the Covid-19 crisis. While an influential lobby group is calling for government-led action to recapitalize businesses, it's likely that a soaring number of sour loans will result in regulatory measures to ensure lenders can continue to support the real economy. Brussels has already said it is reviewing policies for bad credit, and in the UK, regulators might have to do the same.In the wake of a crisis, lenders can inevitably expect regulatory action. As an increasing number of sour loans plague banks — with more to come down the line — the coronavirus-induced crisis will be no exception....

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