Central Bank Proposes Review of Business Lending to SMEs

On Sunday, 11 January 2015, the Central Bank published a consultation paper (CP91) on its proposed review of the Code of Conduct for Business Lending to Small and Medium Enterprises (SMEs). The Central Bank is proposing to replace the existing Code of Conduct for Business Lending to SMEs (Code) with regulations, to extend the scope of the regulations as compared with the Code and to strengthen the protections available to SMEs in a number of areas.

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