View more on these topics

Industry disappointed with new Crosby delay

The long-awaited Crosby report into funding the mortgage market has been delayed again.

The report by former HBOS chief Sir James Crosby was due this week but has been put back until October 13.

The industry hopes the report will convince the Government that aid is required to revitalise the illiquid wholesale markets.

A Council of Mortgage Lenders spokeswoman says: “We are disappointed. Decisive action is needed to help the mortgage market. However, we understand that the Government needs to redress the report to fit with the changing world markets.”

Recommended

Lloyds a race-winning tortoise

Conservative shadow chief secretary to the Treasury Philip Hammond has urged banks to learn from Lloyds TSB – a race-winning “tortoise” compared with the failed hares of the banking sector.

Class action

Over the last few years, the prices of most asset classes have risen strongly and a major factor behind this has been the availability of cheap money. This continued to be the case until about a year ago. Almost all assets rose whereas their performance would normally have diverged to a greater extent. This process was driven by strong flows of liquidity into markets.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com