There needs to be a “mindset change” around breach reporting by licensees and advisers as, rather than be pleased, ASIC will more likely be suspicious if a firm has no breaches, according to a compliance expert.
GlobalCapital is pleased to announce the launch of its 2023 European Securitization Awards. The awards recognise the best banks, deals and market participants in the 2022 calendar year
<p><span>The Association for Financial Markets in Europe (AFME) has appointed Shaun Baddeley as Managing Director, Securitisation, leading the Association’s work on securitisation regulatory reform. Shaun succeeds Richard Hopkin, who is retiring at the end of this month after 11 years at AFME.</span></p>
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.