Treasury has published its response to the Treasury Select Committee report on conduct and competition in SME lending. Treasury suggests that to comply with additional regulation suggested in the report would result in a higher cost of lending to businesses and would go against the government’s commitment to improving SME access to finance. In addition, Treasury notes that the government, through an agreement with BBA, has ensured that the level of disclosure of information on business loans is as substantial as the disclosure now found in regulated interest rate hedging products. Source: Treasury Response on Conduct and Competition in SME Lending)