ECB's Mersch touts securitisation of SME loans as way of boosting EU economy
The ECB's assessment of banks' balance sheets will support lending to small and medium-sized businesses (SMEs) by cleaning up bank balance sheets and reducing fragmentation in funding markets, ECB executive board member Yves Mersch said in a speech on Wednesday.
He added a "second priority" was to support the bank lending channel by strengthening capital markets. "As disintermediation is not an option for most euro area SMEs, a promising middle way is to increase possibilities for the
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