What’s a Shibboleth? – Report from Excellence in Treasury Management Conference
A Shibboleth is a password and the Shibboleth of The Excellence in Treasury Management Conference this year would seem to be “Diversification”. Traditional bank funding is good, bond finance can really work well, but when you really want to cover all eventualities when planning your risk, a diverse spread works best.
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Having just completed another nightmare charging transaction with a lender (not THFC) demanding more and more information, borrower confirmations and third party sign offs before accepting properties into charge I have been compelled to write to express my personal opinion on this topic.
As anyone who’s visited the 
Until recently I thought things might just have been showing signs of improvement in the banking market. RBS & Lloyds have been required as a condition of access to the Government’s Asset Protection Scheme to exhibit economic nationalism by committing to lend somewhere in the region of £39Bn to ‘UK plc’ in the next 12 months. The recent mantra of Social Housing bankers has been ‘open for business’.
It sounds like an oxymoron, something like an “honest politician” but in this case it is not a panoramic vista but my interpretation of my visit to South Wales.
On Wednesday last week, THFC gave a presentation to a group of Scottish associations concerning the potential for distributing European Investment Bank (EIB) loan finance to them. This funding is cheaper than any other lenders’ rates and is specifically targeted at the financing of urban regeneration schemes. 
Belfast has seen major upheaval over the last few decades both for good and for bad reasons. On the downside, there has been industrial decline. In their heyday the dockyards employed a large proportion of the workforce and completed high profile projects such as the ill fated Titanic. Sampson and Goliath the two huge crane gantries still loom large on the horizon of the city as listed monuments, reminding all who pass by of an illustrious past.
