Possibility of Offshore Bank Policy Changes for SMEs in Q3

I think in Q3, we might see some offshore banks start to relax their policies for small SMEs, especially regarding account opening documentation, which is currently very strict. This change would be driven by competitive pressure and the realization by many banks that there's still profit to be made in the legitimate SME market.

Personally, I give it about a 60% chance of a noticeable change, at least some relaxation of documentation or the introduction of specific SME packages. If there are no changes in this direction, it's likely that profits from large clients are still more attractive, or AML regulations remain an obstacle banks are unwilling to risk.