New firms are entering the unregulated or lightly regulated financial systems, says Gramigna.
New non-banking players are increasingly becoming a source of credit for SMEs, and while this is a positive development, there is a need to review existing regulations, reports JOY LEE.
With the emergence of alternative financing for small and medium enterprises (SMEs), there is a need for regulators to review regulatory frameworks to enable small businesses to benefit from these new financing models, say panelists at a recent SME Finance Forum on Innovative Financing for SMEs.
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