Requests financial institutions to consider the cash flow of companies such as the US Fed

Requests financial institutions to consider the cash flow of companies such as the US Federal Reserve on March 10 at 8:52

The Federal Reserve Board (Fed), the central bank of the United States, called on the 9th to ask financial institutions to raise funds for small and medium-sized businesses affected by the new coronavirus.

Six financial authorities, including the US Federal Reserve and the Federal Deposit Insurance Corporation, issued a joint statement on Tuesday, saying to banks and other financial institutions that the spread of the new coronavirus could affect the operation of many companies. , And asked them to fully address the financing needs of their lending customers.

The authorities also plan to work with financial institutions to avoid confusion.

In the United States, due to the spread of the new coronavirus infection, tourists are decreasing and parts shortages are occurring in the manufacturing industry, and it is pointed out that if the stock price continues to fall, consumer sentiment may cool down I am.

For this reason, there is a concern that SMEs may face a deadlock in cash flow and financial institutions may face a credit crunch, and a joint urgent request by financial authorities aims to prevent such a situation.