In addition, microfinance institutions (MFIs) and other financial service providers support MSMEs through financial products and other services critical to the entry, survival, productivity, and growth of enterprises. I am happy to share that the ISSI diagnostics also highlighted positive findings.
In the current institutional context, where the free flow of liquidity within the same banking group but across border could be impeded, a prudent supervisory approach has led the ECB’s Supervisory Board to still maintain a floor on the liquidity requirements of significant subsidiaries.