Sector Regulation Sector Regulation

'Completely unacceptable' for UK banks to unfairly refuse Covid-19 funds, Sharma says

By Fiona Maxwell
  • 01 Apr 2020 12:27
  • 01 Apr 2020 12:27
If UK banks are unfairly refusing funds to companies facing financial difficulty during the Covid-19 crisis, that would be “completely unacceptable,” Business Secretary Alok Sharma has said.
Sharma said today he “urged” banks to ensure that the benefits of a government-backed loan facility — known as the coronavirus business interruption loan program

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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