CFA

London
Joined December 2007
Exciting news from Capdesk HQ today – our alliance with Fidelity is live! Capdesk customers heading for IPO can now get unrivalled support taking their share plans public from the world’s leading investment managers. Sounds good, right? hubs.ly/Q0168-pf0
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Analysts catching up with how expensive this scheme will be. Staggering fiscal impact bbc.co.uk/news/business-5220…
The Chancellor refused to say how much the job support programme will cost, but doesn't take much to get over £10bn per month, based on the latest ONS data and some assumptions on sector level impact
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The Chancellor refused to say how much the job support programme will cost, but doesn't take much to get over £10bn per month, based on the latest ONS data and some assumptions on sector level impact
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So many questions on the business loans plan. 1) the entire stock of SME lending is c.£130bn and EFG (basis for CBILS) does £200-300m a year. CBILS makes £330bn available. How can lenders possibly write millions of loans in _weeks_ with existing infrastructure?
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3) EFG requires loans made to firms that are viable and not in financial distress. How will lenders make those calls (rapidly!) ahead of a massive recession? CBILS leaves lenders with 20% of loss given default - so up to £82.5bn of additional liabilities ahead the downturn
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4) The EFG scheme carried a 2% additional fee on top of interest payable to BEIS, which implies something about the default costs in good times. What does Treasury modelling predict on the losses taxpayers face on CBILS?
Thank you @AdolfoLaurenti at the @Visa Innovation Centre for a great European macro update. More economists should present wine in hand!
Greg Carter retweeted
At the Visa Innovation Centre in London discussing lending partnerships. Panel members including Sean Hunter Kevin Akerman @gregorycarter Nicholas Harding Raman Bhatia and @LendAcademy FUNDLION #alternativelending #businessloan #lending #fintech #…lnkd.in/drb3eyz
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Many thanks to my guests today: Pete Dawson from @NATS; Mark Bentall from @AirbusintheUK; @LiamFox; Jeff Fyfe from @goreaerospace; @gregorycarter & @SB_Commissioner Paul Uppal. Miss the show? you can watch now on catch up, the @SkyNews YouTube channel or at 0130 tomorrow.
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The @SB_Commissioner and @growthstreetuk carried out a survey into #LatePayment to SME’s and the ease of use of banking technology. Read the results here 💸🧾👉 bit.ly/2Lj6zxT
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Exceptionally well deserved!
I am so excited to be shortlisted for a BAA - CFO/Finance Director of the Year ... my 10th year as VirtualFD and 1st year for @ownyournumbers! All down to working with remarkable CEOs #BAAwards19 #startups #virtualfd #hustle
I am delighted that Growth Street has joined the Xero marketplace and added another service to the future of banking
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Greg Carter retweeted
HSBC slammed by startups for Open Banking uptime of just 20% buff.ly/2EDt4Zx #OpenBanking @growthstreetuk #HSBC #fintech
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Thomas Hoegh @growthstreetuk - #scaleups and those wanting to scale should think about how they use the #data they capture to enhance growth. @EUREKA_NETWORK #egis2019
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I was inspired to write this article on #P2P #investing this am - I look back with great fondness and humility at what the founding team built @growthstreetuk. They have an investor night on Wednesday if you want to learn more (see disclosure at end). link.medium.com/0WaAEOfvMU
Can’t believe it was 3 years ago @GregoryCarter and I took our @GrowthStreetUK #APR4SMEs campaign to @10DowningStreet. The @CMAgovUK agreed and made it part of their remedies following the retail banking investigation for certain types of #SME #finance. (Thx @LansonsLatest)
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