2nd June 2014

BBA submission on HMT Consultation ‘Competition in banking: improving access to SME credit data’

The BBA understands the objectives behind the proposals in the consultation and we support the overarching goals of the proposals in the context of responsible lending and the desire to increase access to reliable data to help inform and shape business credit decisions across the finance sector.

The BBA fully endorses having a competitive finance market for businesses and the diversity of this market place is exemplified by 500 plus business finance providers listed on betterbusinessfinance.co.uk, as well as the growing number of banks offering business services.   We also support the on-going work the government is undertaking on the regulatory framework to support new market entrants and maintain regulatory proportionality.

Please read the full response via the link below.

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