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(From Lending Strategy)
Lenders must regain public confidence while getting themselves in shape to take advantage of the economic recovery, says Mikael Krohn, vice- president at IT specialist EDB Business Partner
In the wake of the global financial crisis there have been countless discussions in the media and across the industry about how to get the lending market in order again.
As in 2009, the management of liquidity will be a high priority this year. Since last December companies should have been complying with Financial Services Authority regulations concerning their systems and controls. But the regulator says full transition to the new liquidity rules will be phased in over several years.
Lenders must also be prepared for the tougher stress tests …