Can trade credit insurers and new banking operations offer the spur to economic growth that existing banks have so far struggled to deliver? Asks seminar hosted by Equinox Global at Lloyd’s of London
Equinox Global, the Lloyd’s cover holder specialising in trade credit insurance, is today holding an event at the Lloyd’s Old Library to highlight how existing sources of credit are not meeting the needs of UK and European businesses and to explore how credit providers, such as trade credit insurers and new bank start-ups, might offer an alternative.
The panel of expert speakers come from across the financial services industry:
• Adrian Lewers, Head of Political Risks & Contingency at Beazley
• Jason Oakley, Managing Director of Commercial Banking at Metro Bank – the first new bank to open on Britain’s high streets in more than a century
• Steen Parsholt, Chairman of Equinox Global
The discussions are designed to focus on the measures that need to be taken to ensure the economy returns to robust growth and whether the banking sector can heed any lessons from the trade credit insurance industry, which itself has faced challenges but has proved its adaptability and resilience.
Mike Holley, Chief Executive Officer of Equinox Global commented:
“We have a diverse and interesting line up of speakers well equipped to examine the role banks and insurers have to play in economic recovery. When and how the economy will return to robust growth are topical questions and this seminar promises to be a thought provoking event examining the current situation in UK banking and trying to provide answers to those questions.”
Jason Oakley, Managing Director of Commercial Banking at Metro Bank, commented: “I am delighted to be taking part in this seminar. As the only new competitor on the high street in more than 100 years, Metro Bank brings an innovative service and convenience based approach to the industry; one that is focused on putting customers first and catering for their needs. We need more competition in the banking sector to drive innovation and stimulate growth, and this seminar is a great opportunity to generate discussion around these issues.”