Lenders told to back small businesses through challenging period
The Council of Financial Regulators is due to sit down with Australia’s major lenders later this week to thrash out a plan to ensure households and businesses are supported through this challenging period.
In a statement issued on Monday, the Council of Financial Regulators (CFR) — consisting of APRA, ASIC, Treasury and RBA — confirmed it will sit down with the big banks later this week to ensure continuing supply of credit, particularly to small businesses, as Australia navigates uncharted territory.
Read more at My Business.
