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100 percent capital reserves

We spotted an interesting blog here the other day.

The FSA themselves have suggested as recently as this week that they would consider interviewing future senior directors of financial institutions in order to establish that they actually undertsand the complex products that their business would trade in. Wouldn’t we all like to?!?

I don’t know about you, but I like that Zopa’s straightforward. No derivatives, offsetting or complex trades; just a tenner here loaned to that nice borrower over there for a rate we’re both happy with. 1:1 ratios…you’ve gotta love ’em.

As I said in my comment on the blog itself, it’s ironic that just as banks show their relucance to lend to one another, Zopa’s lenders and borrowers are doing so in ever-increasing numbers… we hope you enjoy!