SME lending plans need a broader view, says BofA Merrill

13 May 2013

While European policymakers mull the ways in which the securitisation market could help increase lending to small and medium-sized enterprises, Alexander Batchvarov, head of international structured finance strategy at Bank of America Merrill Lynch, is concerned that a narrow focus on SME ABS would fail to help many businesses.

Policy-makers need a more broadminded approach, he argues.

A meeting of G7 finance ministers in the UK last weekend added no clarity as to how Europe’s political elite intend to help SMEs. European Central Bank (ECB) president Mario Draghi, who suggested two weeks ago that the securitisation market could ...

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