BIS central bankers’ speeches  1  In response to the prospect of a large number of the participants on the submission panel no longer being willing to provide submissions, the calculation of BBSW was reformed in 2013 in line with the IOSCO Principles for Financial Benchmarks, which were issued in July 2013.
Given this increasingly important role of SMMEs in both developing and developed economies, the need for policy intervention to stimulate the growth of this sector remains an active debate in the literature. This is particularly so given the failure of most intervention policies in the past.