Ireland introduces revised requirements for lenders dealing with SMEs

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The Central Bank of Ireland on Friday published a revised statutory Code of Conduct for Business Lending to Small and Medium Enterprises (SME code), setting out new requirements for lenders when dealing with SMEs in, or facing, financial difficulties.

As part of the EU/IMF Work Programme connected to the financial support the country received, the Irish central bank committed to carrying out a review of the financial difficulties requirements in the existing code. Following the assessment, the

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