Actions for Revitalizing securitization for small and medium-sized enterprises in Europe

Email RIS file
Bookmark
Report an Issue

Revitalizing securitization for small and medium-sized enterprises in Europe / Shekhar Aiyar [and others].

Published
[Washington, D.C.] : International Monetary Fund, [2015]
Copyright Date
©2015
Physical Description
1 online resource (35 pages) : color illustrations
Additional Creators
Aiyar, Shekhar and International Monetary Fund. European Department
Access Online

Availability

I Want It
I Want It

Finding items...

Series
Summary
Small and medium-sized enterprises (SMEs) account for a disproportionate share of output and employment in Europe but are still highly dependent on bank finance, which dried up or became prohibitively expensive during the crisis. Broader access to alternative, long-term finance through securitization would limit their exposure to banking sector difficulties and thus help revive credit. The SDN examines the various impediments to the development of a well-functioning and liquid securitization market in Europe and proposes a comprehensive multi-faceted strategy to support its development through regulatory reforms and infrastructure development together with targeted and time-bound official sector support. This would require (i) greater regulatory differentiation between securities of different quality and underlying asset structures; (ii) harmonized national enforcement and insolvency frameworks and standardized reporting requirements; and (iii) greater capacity of EU authorities to support new issuance. These measures would be underpinned by a pan-European definition of high-quality securitization (HQS) comprising simple, transparent and efficient asset structures receiving preferential regulatory treatment.
Subject(s)
ISBN
1484334965
1498397646
9781498397643
1484334833
9781484334836
1484335236
9781484335239
9781484334966 (electronic bk.)
Note
"Shekhar Aiyar, A.J. Al-Eyd, Bergljot Barkbu, and Andreas Jobst."
"May 2015."
"European Department"--Page 2 of pdf.
Bibliography Note
Includes bibliographical references (pages 30-35).
View MARC record | catkey: 43195581