RE: Next week - ANNOUNCEMENS TO COME20 Aug 2020 16:04
I would be hoping for 01 Sept lending resumed. We need that coming into Christmas, given the current climate. But maybe thats under 27 Aug business update. A resume to lending would send a good message. They have already said they do not need the regulators approval to do so but if they are clever (which i believe they are) they won't proceed lending without running it by the regulator. I have worked a lot with regulators and the trick is to keep them in the tent with you and try to build a transparent working relationship, this way yu avoid the big shocks.