On 25 February 2019, the Financial Stability Board (FSB) has announced it is seeking feedback on the effects of the G20 financial regulatory reforms on the provision of financing to small and medium-sized enterprises (SMEs). The evaluation forms part of a broader FSB examination of the effects of post-crisis reforms on financial intermediation.

The FSB is inviting feedback from stakeholders including SMEs, financial institutions and trade associations on a number of issues including:

• What have been the main trends in SME financing (i.e. types of financing, volumes, prices and maturities) since the financial crisis?
• Have financial regulatory reforms such as Basel III affected bank financing to SMEs?
• Have financial reforms prompted a shift in the provision of SME financing?

To support its investigation, the FSB has also published a document detailing the key takeaways of its roundtable of December 2018 in which the impact of regulatory reforms on SMEs was discussed.

The deadline for responses to the FSB is 18 March 2019.