TSC: SME finance
08 May 2024 (UPDATED: 13 Mar 2026)
United Kingdom
1 min read
In its report on access to banking services for smaller firms, TSC criticises the debanking of legitimate businesses and the processes for resolving disputes between SMEs and banks and calls on FCA to force banks to be more transparent about why decisions to debank businesses are taken. The report also recommends that FCA gives FOS the powers to address personal guarantees for smaller firms. TSC also calls on PRA not to go ahead with plans to scrap the SME supporting factor in the new Basel 3.1 standards.