ECB’s Cœuré outlines efforts to cushion impact of regulation on SME lending
Benoît Cœuré, a member of the executive board of the European Central Bank (ECB), today stressed that the ECB is doing its best to ease funding constraints for small and medium-sized enterprises (SMEs), but said other stakeholders needed to take action as well.
Addressing the Eurofi High Level Seminar in Dublin, Cœuré said SMEs are facing three main limits on their credit - tight funding conditions for banks, perceptions SMEs are high risk, and limited capital. On the first, the ECB had
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