Small and medium-sized enterprises (SMEs)
Taiwan’s central bank calls for wage rises
Report calls for more unionisation after real wages fell in first quarter
BoT’s Sethaput on inflation dynamics, central bank mandates and multi-lateral payments
Thai governor speaks about higher inflation, sustainable finance challenges, CBDC experiments and payments governance
State Bank of Pakistan launches simplified digital account
Central bank governor says Asaan Digital Account should boost women’s participation in finance
Alternative data fuels central bank research
Important research areas include monetary transmission, exchange rates, digitisation, SMEs and more
Fed board member says US community banks under threat
Michelle Bowman says smaller community institutions play vital role for ethnic minorities
PBoC to provide 300 billion yuan to SMEs
State Council calls on central bank to step in as Delta variant shows signs of denting growth
Covid-19 caused steep decline in SME turnover – BoE research
Government support stemmed collapse but younger firms suffered
El Salvador to make bitcoin legal tender
President claims the move, a first for any country, will aid remittances and financial inclusion
Peru’s central bank caps consumer interest under protest
Central bank governor and president say new law will damage the economy
Fed small business survey paints grim picture
Most small businesses report revenue declines; many fear collapse without government aid
MAS strengthens fintech co-operation with Ghana and Hungary
Agreements will help connect SMEs and foster discussions around regulation and emerging trends
Business failures will impact bank balance sheets – RBA’s Bullock
Central bank forecasts volume of business failures to rise with the removal of support
BIS’s Hong Kong innovation hub launches trade finance competition
Solutions need to help current trade finance platforms communicate with one another
Fed expands ‘Main Street’ facility to serve non-profits
New loan options and wider eligibility to support credit flows to charities, hospitals and universities
Georgian central bank launches liquidity support for SMEs
New programme will supply liquidity to commercial banks in exchange for loan collateral
Campos Neto on reforming Brazil’s economy amid Covid-19 distress
Brazil’s governor details emergency asset purchase plans and backs extending SDR funding
MAS lends support to SMEs through new programme
Ravi Menon says banks are expected to make loans to small businesses at a lower cost
‘Step up to the plate’, New Zealand regulators tell banks
Council of regulators expects banks to deliver lending and affordable customer products
El-Erian on Covid-19 policy risks, ‘zombie’ markets and central bank capture
Former Pimco chief says Fed has gone too far, market function rules needed and chance opens for shared policy load
HKMA cuts banks’ counter-cyclical buffers
Hong Kong’s central bank meets with lenders to increase SME funding as protests escalate
Kenyan High Court strikes down law capping interest rates
But court rules law did not infringe central bank’s mandate and says caps could be brought back
FSB seeks feedback on reforms’ impact on SME finance
Roundtable participants note considerable differences in how SMEs are treated across jurisdictions
Arab countries must improve funding of small businesses – IMF’s Lagarde
SMEs make up 96% of Arab world’s businesses but get only 7% of bank loans – IMF chief
RBI can remove barriers to micro-credit – Acharya
Central bank looking to solve information problems in a “fundamental way”, says deputy