These developments have worked to enhance the competitiveness and efficiency of the financial system and, at the same time, to provide financial institutions and their customers with better tools for managing risks. A byproduct is that our largest and most complex financial organizations increasingly are measuring and managing risk on a centralized basis.
Still, as noted previously, many credit unions and CDFIs cited an increase in demand for small business loans from viable small businesses.   Reduced confidence – A number of small businesses reported that declining sales made them more cautious about seeking credit.