The officials said Britain had cut the size of the national debt as a percentage of GDP after the second world war, but mainly through
controls on bank lending and inflation eroding the value of the debt.
Not exact matches
This included the unwinding of some shadow
banking and interbank activities,
controls on wealth management operations, trust structures and interbank
lending structures.
Controls were put
on lending by
banks and
on organisations in the non-bank financial sector (shadow
banking).
Russians would pay mortgage interest in domestic rubles, but the
banks would convert their earnings
on this
lending into foreign exchange to remit to the investors who would have bought
control of them.
AdelaideBank, a division of Bendigo and Adelaide
Bank, will today (Wed) announce stricter
controls on apartment
lending that include bigger sizes, better design, identifiable cash flows for investor / lands and more stringent calculations of a borrowers» capacity to repay.
This was the year that Beijing was expected to step up its
controls on unfettered
lending, particularly in the so - called shadow
banking area, as it seeks to contain a dangerous build up in debt across much of the economy.
Commenting
on the provisional Project Merlin figures which have been issued today showing that the
banks loaned # 37.4 billion to small firms — just short of their commitment to
lend # 38 billion, John Walker, National Chairman, Federation of Small Businesses, said: «While it looks like the
banks are
on course to meet their full year
lending commitment, targets do not address the underlying problems in the
banking sector where only a handful of
banks control the majority of the market.
Mr Darling said: «Like any lender
on this scale, we have ensured that the
Bank's
lending is subject to significant conditions and
controls to ensure that our interests are protected, and in return for this facility Northern Rock has agreed a number of
controls.»
All the banter about an interest rate increase boils down to the Federal Reserve
Bank's
control over the federal funds rate — the cost at which
banks and credit unions
lend their reserve balances to other
banks and credit unions
on a short - term basis.