July 15 – Proc fees: the only way is up!
The deep industry debate on procuration fees has 4 dimensions. What we must all remember however is that these are commercial arrangements between firms and must be left in that competitive space. It is important that individual lenders and intermediaries make their own judgements about the incentives and rewards needed to operate their risk based businesses. But there are general issues that all firms need to recognise in their negotiations.
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