How Long to Read The Asset Protection Scheme

How Long Does it Take to Read The Asset Protection Scheme?

It takes the average reader and 40 minutes to read The Asset Protection Scheme by Great Britain: National Audit Office

Assuming a reading speed of 250 words per minute. Learn more

Description

The Treasury's Asset Protection Scheme to protect over £280 billion of Royal Bank of Scotland's financial assets against losses has, so far, only been partially successful in encouraging lending to creditworthy borrowers on the scale originally envisaged. The Scheme, launched in early 2009, initially involved two banks. RBS eventually put £282 billion of assets into the Scheme, while Lloyds Banking Group paid £2.5 billion to exit the Scheme in November 2009 and instead raised additional capital from shareholders. The principal elements of the Scheme, particularly the first loss, were based on a robust assessment of incentives and on as complete information on the underlying assets as were available at the time. As part of the Scheme, Lloyds and RBS agreed lending targets. While both banks met targets for mortgage lending, there was a shortfall of £30 billion against targets for lending to business. Value for money in the longer term will depend heavily on incentives built into the Scheme to encourage good management of assets. Establishing a requirement for RBS to bear the first £60 billion of losses (a 'first loss') was crucial in providing the right incentive for the bank to manage its assets effectively. However, if the first loss is exceeded, RBS will have less financial incentive to avoid further losses although the bank considers it will still have a legal and moral obligation to manage the assets as best it can. The position of taxpayers would be particularly vulnerable if losses were to exceed about £73 billion

How long is The Asset Protection Scheme?

The Asset Protection Scheme by Great Britain: National Audit Office is 40 pages long, and a total of 10,000 words.

This makes it 13% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read The Asset Protection Scheme Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 54 minutes to read The Asset Protection Scheme aloud.

What Reading Level is The Asset Protection Scheme?

The Asset Protection Scheme is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Asset Protection Scheme?

The Asset Protection Scheme by Great Britain: National Audit Office is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy The Asset Protection Scheme by Great Britain: National Audit Office on Amazon click the button below.