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Securitization props up SMEs but quick fix worries market

By Jennifer Kang 06.00 AM SMEs have been the hardest hit businesses during the pandemic and securitization has played a critical role helping them survive. So far, banks and governments have been making great progress helping them through both synthetic risk transfers and private or public ABS. However, recent amendments to the European securitization framework may make or break the product for SMEs. Jennifer Kang reports. Small and medium-sized enterprises account for 75% of employment in the eurozone, according to data from the European Commission, making them the engine house of the European economy. As a result, banks and other financial institutions have faced constant pressure to provide loans to revive SMEs ever since the beginning of Covid-19.

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