The ‘quest for stability’ in the financial system is detrimental to SME growth, says Ombudsman
By James Harkness · 9 February 2018 · Finance
By James Harkness · 9 February 2018 · Finance
A crucial report has revealed a shocking trade-off between financial stability and small business success. Will the quest for stability ultimately stifle Australia's entrepreneurial spirit?
The benefits small businesses derive from a competitive financial system are being reduced by the regulators in their “quest for stability”, the Productivity Commission (PC) has found. The finding, contained in a draft PC report titled Competition in the Australian Financial System, is supported by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), Kate […]
Tags: ASBFEO, Banking, Finance, financial system, Kate Carnell, Lending, loan SME, productivity commission