The U.K. government said Tuesday it is setting up a panel to monitor bank lending to small businesses.

Senior officials of the Department of Business, Enterprise, and Regulatory Reform, the Treasury, and the Bank of England will have seats on the panel, which "will monitor and enter into a constructive dialogue with individual lenders on the availability, risk, and overall cost" of lending to small businesses, the government said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.