Great Outcome for SME’s Borrowing – Royal Commission
Posted on 5th February, 2019 in News
Moody Kiddell & Partners welcomes the release of Commissioner Hayne’s final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
- There is no finding of market failure in the commercial broker channel.
- The National Consumer Credit Protection Act (NCCP Act) should not extend to small business lending.
What does it mean for you?
- It will not be more difficult to secure funding for your business
- Cost of borrowing is not likely to increase because of additional regulation.