Another positive intervention on securitisation, coming this time from the Italian Finance Minister Fabrizio Saccomanni

On July 16th, opening a seminar in Rome on  “Credit crunch. Credit funds” organised at the Ministry of Finance, Fabrizio Saccomani, Italian Finance Minister said that  “to support access to finance, especially for SMEs, it is necessary to revitalise securitisation, even with an initial regulatory support as well as support from the Government”.  This is another addition to the strong policy maker support we have been seeing from a number of quarters, including the ECB and the EU Commission at the highest level for the use of securitisation in the context of SME finance.

The speech (in Italian) is available here (the remarks on securitisation in the middle of page 3).