Another measure for increasing households and small businesses’ access to credit is in line with the Team’s recommendation to increase the number of players in the banking system itself, by creating a regulatory framework for the establishment of Internet banks and credit unions.
In addition, other legitimate noninstitutional entities should be able to take part in various parts of financial intermediation, such as mass financing platforms, state guaranteed credit funds for small businesses, the securitization of bank loans to these segments and their sale to institutional investors, and more. Many of these measures are already on the table, and their expansion should be considered.