ESBG shared the SME lending story during the SME Intergroup discussion on 15 September 2015 at the European Parliament. Chaired by SME Intergroup Vice President Kay Swinburne (ECR).
BRUSSELS, 1 October 2015 – The European Saving Banks Group took part in the SME Intergroup discussion "Financing the Real Economy: Ensuring lending to SMEs" on 15 September 2015 at the European Parliament. Sponsored by UEAPME together with ESBG and chaired by SME Intergroup Vice President Kay Swinburne (ECR), statements were delivered by MEP Burkhard Balz, Rapporteur Stocktaking and challenges of the EU Financial Services Regulation (EPP), by Mario Nava, Director Financial Institutions at the European Commission, by Gerhard Huemer, Director Economic Policy at UEAPME and by the ESBG's Caroline Gourisse.
The complementarity between bank lending and capital markets financing, for which ESBG pleaded, was welcomed and the necessary regulatory efforts – mainly in the context of the CRD IV review; the scaling factor being one of the provisions at stake – acknowledged in order to enable in particular savings and retail banks to continue to play their lending role to SMEs. A consensus also arose around the necessity of developing an SME toolbox, such as private placements, specific trading platforms, which, for most of them, will continue to resort to bank lending.
Following the event, the SME Intergroup drew the following conclusions: