based on a global view of the SMEís business and credit history. Essentially, this is about banking catching up with the way SMEs are now operating in the global marketplace.
The crucial role of SMEs as generators of jobs and growth in economies is well established. The banking industry should now be playing its part in providing the right kind of international support to allow these important businesses and global trade to flourish.
The author is Global Head of SME Banking, Standard Chartered Bank