Revitalizing securitization for small and medium-sized enterprises in Europe /:
Small and medium-sized enterprises (SMEs) account for a disproportionate share of output and employment in Europe but are still highly dependent on bank finance, which dried up or became prohibitively expensive during the crisis. Broader access to alternative, long-term finance through securitizatio...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Körperschaft: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2015.
|
| Schriftenreihe: | IMF staff discussion note ;
SDN/15/7. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Small and medium-sized enterprises (SMEs) account for a disproportionate share of output and employment in Europe but are still highly dependent on bank finance, which dried up or became prohibitively expensive during the crisis. Broader access to alternative, long-term finance through securitization would limit their exposure to banking sector difficulties and thus help revive credit. The SDN examines the various impediments to the development of a well-functioning and liquid securitization market in Europe and proposes a comprehensive multi-faceted strategy to support its development through regulatory reforms and infrastructure development together with targeted and time-bound official sector support. This would require (i) greater regulatory differentiation between securities of different quality and underlying asset structures; (ii) harmonized national enforcement and insolvency frameworks and standardized reporting requirements; and (iii) greater capacity of EU authorities to support new issuance. These measures would be underpinned by a pan-European definition of high-quality securitization (HQS) comprising simple, transparent and efficient asset structures receiving preferential regulatory treatment. |
| Beschreibung: | "Shekhar Aiyar, A.J. Al-Eyd, Bergljot Barkbu, and Andreas Jobst." "May 2015." "European Department"--Page 2 of pdf. |
| Beschreibung: | 1 online resource (35 pages) : color illustrations. |
| Bibliographie: | Includes bibliographical references (pages 30-35). |
| ISBN: | 1484334965 1498397646 9781498397643 1484334833 9781484334836 1484335236 9781484335239 9781484334966 |
Internformat
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| 500 | |a "European Department"--Page 2 of pdf. | ||
| 504 | |a Includes bibliographical references (pages 30-35). | ||
| 520 | |a Small and medium-sized enterprises (SMEs) account for a disproportionate share of output and employment in Europe but are still highly dependent on bank finance, which dried up or became prohibitively expensive during the crisis. Broader access to alternative, long-term finance through securitization would limit their exposure to banking sector difficulties and thus help revive credit. The SDN examines the various impediments to the development of a well-functioning and liquid securitization market in Europe and proposes a comprehensive multi-faceted strategy to support its development through regulatory reforms and infrastructure development together with targeted and time-bound official sector support. This would require (i) greater regulatory differentiation between securities of different quality and underlying asset structures; (ii) harmonized national enforcement and insolvency frameworks and standardized reporting requirements; and (iii) greater capacity of EU authorities to support new issuance. These measures would be underpinned by a pan-European definition of high-quality securitization (HQS) comprising simple, transparent and efficient asset structures receiving preferential regulatory treatment. | ||
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| geographic_facet | Europe. |
| id | ZDB-4-EBU-ocn910243949 |
| illustrated | Illustrated |
| indexdate | 2024-11-26T14:49:19Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n86100166 |
| isbn | 1484334965 1498397646 9781498397643 1484334833 9781484334836 1484335236 9781484335239 9781484334966 |
| language | English |
| oclc_num | 910243949 |
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| publishDate | 2015 |
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| series | IMF staff discussion note ; |
| series2 | IMF staff discussion note ; |
| spelling | Revitalizing securitization for small and medium-sized enterprises in Europe / Shekhar Aiyar [and others]. [Washington, D.C.] : International Monetary Fund, ©2015. 1 online resource (35 pages) : color illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF staff discussion note ; SDN/15/7 "Shekhar Aiyar, A.J. Al-Eyd, Bergljot Barkbu, and Andreas Jobst." "May 2015." "European Department"--Page 2 of pdf. Includes bibliographical references (pages 30-35). Small and medium-sized enterprises (SMEs) account for a disproportionate share of output and employment in Europe but are still highly dependent on bank finance, which dried up or became prohibitively expensive during the crisis. Broader access to alternative, long-term finance through securitization would limit their exposure to banking sector difficulties and thus help revive credit. The SDN examines the various impediments to the development of a well-functioning and liquid securitization market in Europe and proposes a comprehensive multi-faceted strategy to support its development through regulatory reforms and infrastructure development together with targeted and time-bound official sector support. This would require (i) greater regulatory differentiation between securities of different quality and underlying asset structures; (ii) harmonized national enforcement and insolvency frameworks and standardized reporting requirements; and (iii) greater capacity of EU authorities to support new issuance. These measures would be underpinned by a pan-European definition of high-quality securitization (HQS) comprising simple, transparent and efficient asset structures receiving preferential regulatory treatment. Online resource; title from PDF title page (IMF Web site, viewed May 28, 2015). Asset-backed financing Europe. Securities Europe. Small business Europe. Titrisation Europe. Asset-backed financing. fast (OCoLC)fst00819055 Securities. fast (OCoLC)fst01110743 Small business. fast (OCoLC)fst01121223 Europe. fast (OCoLC)fst01245064 https://id.oclc.org/worldcat/entity/E39PBJxCxPbbk4CPJDQJb4r6rq Aiyar, Shekhar, author. http://id.loc.gov/authorities/names/no2004021401 International Monetary Fund. European Department. http://id.loc.gov/authorities/names/n86100166 has work: Revitalizing securitization for small and medium-sized enterprises in Europe (Text) https://id.oclc.org/worldcat/entity/E39PCGYRMtckjvtgq4TcVxt3gq https://id.oclc.org/worldcat/ontology/hasWork Print version:Print Version: 9781498397643 IMF staff discussion note ; SDN/15/7. http://id.loc.gov/authorities/names/no2011013696 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1256140 Volltext |
| spellingShingle | Aiyar, Shekhar Revitalizing securitization for small and medium-sized enterprises in Europe / IMF staff discussion note ; Asset-backed financing Europe. Securities Europe. Small business Europe. Titrisation Europe. Asset-backed financing. fast (OCoLC)fst00819055 Securities. fast (OCoLC)fst01110743 Small business. fast (OCoLC)fst01121223 |
| subject_GND | (OCoLC)fst00819055 (OCoLC)fst01110743 (OCoLC)fst01121223 (OCoLC)fst01245064 |
| title | Revitalizing securitization for small and medium-sized enterprises in Europe / |
| title_auth | Revitalizing securitization for small and medium-sized enterprises in Europe / |
| title_exact_search | Revitalizing securitization for small and medium-sized enterprises in Europe / |
| title_full | Revitalizing securitization for small and medium-sized enterprises in Europe / Shekhar Aiyar [and others]. |
| title_fullStr | Revitalizing securitization for small and medium-sized enterprises in Europe / Shekhar Aiyar [and others]. |
| title_full_unstemmed | Revitalizing securitization for small and medium-sized enterprises in Europe / Shekhar Aiyar [and others]. |
| title_short | Revitalizing securitization for small and medium-sized enterprises in Europe / |
| title_sort | revitalizing securitization for small and medium sized enterprises in europe |
| topic | Asset-backed financing Europe. Securities Europe. Small business Europe. Titrisation Europe. Asset-backed financing. fast (OCoLC)fst00819055 Securities. fast (OCoLC)fst01110743 Small business. fast (OCoLC)fst01121223 |
| topic_facet | Asset-backed financing Europe. Securities Europe. Small business Europe. Titrisation Europe. Asset-backed financing. Securities. Small business. Europe. |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1256140 |
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