Revised regulatory guidance by the Scottish Housing Regulator comes into effect on April Fools’ Day, but following it is no joke, writes Alistair Berwick – and housing associations south of the border should also take note. Does anyone remember, from their youth, the pranks that were played on April Fools’ Day? A favourite at my school was…
The Bank of England (BoE) issued a helpful starter pack on the transition to Sonia. This is an ABC guide to Sonia which provides helpful links to essential reading (Page 11) and timeline on important milestones up to implementation (Page 9). This is an organic document which the BoE intends to update as things progress,…
The publication of the London Inter Bank Offered Rate (Libor) will end by 31 December 2021. This will have major implications for housing association loan books throughout the UK. This note summarises those implications and looks at what actions housing associations need to take in preparation for the change. Download the ATFS full briefing for…
With Sonia set to replace Libor, Joseph Carr warns of major implications for housing association loan books throughout the UK. Over $350tn in corporate loans, derivatives, bonds, deposits and mortgages is tied to the London Inter-bank Offered Rate (Libor). Housing associations in England alone have a loan book of circa £92bn, and the interest on approximately 63…
Were looking forward to seeing you at the Social Housing Finance Conference We are on Stand 5 and Jim Lashmar, Matt Carroll, Aaron Elliott, Hannah Breitschadel, Joanna Williams and Mihir Shah will be in attendance Come and discuss your Treasury and Finance issues Find out about our VFM product Get a demo of podplan We…
The Scottish Government’s 50,000 affordable housing target is within reach by the end of this parliament, an independent report has concluded. The report commissioned by Shelter Scotland, the Scottish Federation of Housing Associations (SFHA) and the Equality and Human Rights Commission in Scotland, examined the 32 Scottish councils’ housing plans and revealed that 49,773 affordable…