Source · Select Committees · Business and Trade Committee
Recommendation 43
43
In order to encourage the UK’s banks to engage effectively in resolving the challenge of...
Recommendation
In order to encourage the UK’s banks to engage effectively in resolving the challenge of banks not meeting the finance needs of local communities, we recommend that the Government issues proposals for consultation on introducing an equivalent to the US Community Reinvestment Act to encourage banks to act. (Recommendation, Paragraph 140) How the UK’s public finance institutions support investment