In a speech given in February, European Central Bank board member Peter Praet declared that he considered the revival of the ABS market essential for the provision of finance to the corporate sector.
“Given the restricted funding sources and elevated bank funding needs, a trend towards more disintermediation from larger corporate issuers has been observed in recent years, and this trend will most likely continue,” he said.
“By contrast, small and medium-sized enterprises (SMEs) are more dependent on their respective domestic banking sectors and are subject to tighter credit conditions than larger firms that have greater access to global financial markets.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
