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|FSB concerned new international banking rules could squeeze lending to SMEs|
|Monday, 27 July 2015|
The Federation of Small Businesses (FSB) is concerned about new proposals from the Basel Committee on Banking Supervision, the group that sets global banking standards, which will raise the amount of capital the banks are required to hold against certain loans.
In a joint letter to the UK Chancellor George Osborne, the FSB argues there is a risk that banks will have to significantly increase the cost of lending to small businesses, many of which already struggle with access to finance. Small business banking remains worryingly concentrated with the big four banks controlling 85 per cent of lending to SMEs.
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