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UK financial regulators warn banks to serve small businesses better

By Puja Sharma

July 15, 2022

  • Banking Regulations
  • banks in UK
  • Compliance Systems
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The Bank of England warned last week that SMEs had lower cash buffers and higher levels of debt than before the pandemic. At least 70% of their outstanding debt was issued outside of government loan schemes. The U.K. Financial Conduct Authority (FCA) warned banks that they should provide better service to small and medium-sized enterprises […]

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