Only the two government–backed banks, Royal Bank of Scotland
and Lloyds Banking Group, have committed to offering the scheme. Sources at
other lenders said they are not able to decide whether they will join the
scheme until the Government says how much it will charge lenders to take part
and what administration and IT systems will be required. Lenders also want to
know what level of relief they will receive on their capital requirements – the
amount they must hold in capital reserves – in exchange for taking part. Read
more on the Daily Telegraph website.
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