SMEs, The Engine of Local Entrepreneurship, in the Framework of New Basel Capital Accord: Perspectives-Opportunities and Obstacles for Their Reinforcement by the Banking System

In the first part of the paper the author analyzes the important role of SMEs as the most crucial factor for the development of the local entrepreneurship. The second part refers to the Structure of the New Accord Three Pillars, focussing on the Basel II Capital Adequacy framework and specifically on the first pillar.