Home > Uncategorized > Andrew Howard on DBIS

Andrew Howard on DBIS

My good friend Andrew Howard from Platform Black adds valuable comment to my last piece

DBIS did a great job. In particular, they spent a lot of time consulting with ABFA and Invoice Financiers, including P2P financiers such as ourselves. This ensured they got a good understanding of what the underlying problems were. Disappointingly, there are still a few ‘fishhooks’; in particular the inclusion of a ‘confidentiality’ clause – which may allow BOA to creep in under another guise; and the legislation is not intended to be retrospective – this may cause issues where contracts are rolled over or long term, and therefore the BOA remains.”

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