SME borrowing hit by new accounting rules
British Reporter — Changes to global financial reporting regulations are affecting credit access for millions of companies around the world. New rules on bank accounting led to a 15-20% fall in banks’ SME lending between 2018 and 2020, according to new research by Aytekin Ertan, Assistant Professor of Accounting. He also warns that the implications for the post-COVID-19 period – when thousands
