Clarity on lending regulations provides lifeline for UK SMEs, says RSM UK
As part of the Basel 3.1 reforms announced today, the PRA (Prudential Regulation Authority) has signalled it intends to limit the effects of withdrawing the SME supporting factor by introducing a ‘lending adjustment’ to avoid the risk of lenders increasing SMEs’ borrowing costs once the Basel 3.1 reforms are introduced in January 2026. RSM UK […]