Lenders could be forced to provide detailed written reasons for declining SME loan requests, under new rules being considered by the Central Bank.
Documents released by the Central Bank today show that lenders could face new rules in relation to SME lending, particularly in relation to declined requests for credit and dealing with borrowers in financial difficulty.
The Central Bank has launched a consultation paper on proposed changes to its code of conduct for lending...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team