However, in my view, if we are to move farther towards the development of a market for corporate loans, a concerted effort is needed in several directions. A list of key priorities in order to revive credit markets should include the following: First, further measures to revive the market for securitizations, in particular for SME bank loans.
Securitization is an important instrument to promote bank credit. Allowing banks to securitize and redistribute SME loans to a broader investor base can provide banks with capital relief and allow them to lend to the real economy.