
Small Is Beautiful
Encouraged by government stimulus programs, banks are finding new ways to finance SMEs. Once the economy recovers, will the surge of interest recede?
The impact of Basel III on trade was a key topic of discussion at Sibos. As one delegate said: “We have grave concerns around local regulators’ interpretation of liquidity coverage ratios and minimum capital ratios.”
“Regulators need to ensure that [corporate] end-clients do not pay for it if there are difference in implementation,” said another delegate. “The industry is wrestling with how to have a consistent voice and get the right people engaged at a senior level.”
Meanwhile, until regulations take final form, corporates are dealing with price volatility as a result of regulatory and market uncertainty, with every new announcement out of Brussels or the US being priced into trade costs.