How the Central Bank of the Russian Federation plans to develop financing for small and medium-sized businesses
In the second quarter of 2021, the regulator will consider the idea of giving banks the right to remotely identify customers using a video stream. This will increase the access of small and medium-sized businesses to financial services and reduce the cost of maintenance (clause 4.2 of the roadmap).
In the fourth quarter of 2021, they will think about the credit rating levels of small and medium-sized business securities that will be available to unqualified investors. The goal is to increase the attractiveness of such securities (clause 5.1 of the roadmap).
In 2021, the government may be offered to fix in Laws N N 44-FZ and 223-FZ the right to apply factoring when paying for state contracts. The amendments will increase its volume in settlements between government agencies and SMEs (paragraph 5.5 of the roadmap).
In 2021-2022, they want to provide access for small and medium-sized businesses to finance through crowdinvesting platforms (clause 5.3 of the roadmap).
Other measures are also planned.
Document: Roadmap of the Bank of Russia for the development of SME financing