London Approach and Office of Fair Trading: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
No edit summary
 
imported>Administrator
(CSV import)
 
Line 1: Line 1:
A non-statutory, informal framework introduced with the support of the Bank of England in  1970 for dealing with financially distressed companies.
(OFT).
An independent professional organisation, which plays a leading role in promoting and protecting consumer interests throughout the UK, while ensuring that businesses are fair and competitive.


The London Approach covers temporary support operations mounted by banks and other lenders for a company or group in financial difficulties, pending its possible restructuring.
Applicable only to firms which are financially distressed but which could have a viable future.




== See also ==
== See also ==
* [[Insolvency]]
* [[Competition Commission]]
 
 
== References ==
1. http://www.bba.org.uk/policy/article/london-approach/fx-and-money-markets-policy/


2. [[File:http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/qb940208.pdf]]

Revision as of 14:20, 23 October 2012

(OFT). An independent professional organisation, which plays a leading role in promoting and protecting consumer interests throughout the UK, while ensuring that businesses are fair and competitive.


See also


Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=London_Approach&oldid=35195’