The House of Commons’ Treasury Select Committee has published the terms of reference for its inquiry into the state of the small and medium-sized enterprise (SME) finance market. The inquiry will consider the state of the SME finance market under the following themes: funding options available to SMEs. This includes: (i) the availability and update of different sources of funding for SMEs, including banks, peer-to-peer lenders and crowdfunding; (ii) the level of competition in the SME lending market and the impact of recent regulatory initiatives; (iii) trends in SME finance and how potential changes to regulation and redress may affect the market; and (iv) any sources of finance which SMEs will not consider or approach and why; the ability of SMEs to resolve disputes and access fair and reasonable compensation when they borrow money. This includes: (i) the effectiveness of existing arrangements for dispute arbitration and settlement; (ii) the merits of the FCA’s…
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