Tag: Lending Standards Board (LSB)

The Lending Standards Board (LSB) has recently announced the release of its latest inclusion report, ‘Increasing Access to Finance for Ethnic Minority Led Businesses’. The report, launched at an event in London last night, represents the third instalment of the LSB’s series on inclusion. It highlights the barriers faced by ethnic minority led businesses and underscores the crucial role that financial institutions play in unlocking the untapped potential. Ethnic minority entrepreneurs, including those from Black, Asian, and other minority groups, contribute an estimated £25 billion to the UK economy annually,…

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The Lending Standards Board (LSB), the self-regulatory body for banks and lenders, is urging financial services firms to feed-in on how its protection Standards for business customers can help drive sustainability in financial services – while providing good outcomes for customers.  The LSB has published a report examining the provision of green finance products for SMEs, finding that while demand for, and interest in, these products is growing, many smaller businesses still face barriers accessing sustainable financial products.  This was reflected in relatively low take up: the LSB identified around…

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