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    I do hear some stories of poor lending decisions purely due to the tick-box back covering mentallity that now infests not only banks but so many walks of life. We were discussing just this at the Chamber board.

    After some very poor lending decisions pre-crunch the pendulum has swung much too far the other way. The danger of quotas and forcing banks to lend is that we will get back to some irresponsible lending. There is a balance and banks need to address the issues that are forcing them to get that balance wrong currently. That must be a return to a personal service.

    We are also see a lot of undervaluations of property for lending purposes as well. This is a real problem particularly for developers. Again this is driven by a play safe mentallity.

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