Reducing barriers to new challenger banks help improve access to finance for SMEs

By James Harkness · 5 September 2017 · Featured

Reducing barriers to new challenger banks help improve access to finance for SMEs

Full details: Reducing barriers to new challenger banks help improve access to finance for SMEs

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Summary

Government moves to reduce regulatory barriers to challenger banks entering the market should improve access to finance for small business, according to Australian Small Business and Family Enterprise Ombudsman (ASBFEO). The Ombudsman, Kate Carnell, welcomed news that the Treasury is consulting on proposed changes to the Banking Act, which would remove restrictions on the use […]