In March, the Association of German Banks issued new standards for SME securitisation. Markus Becker-Melching, managing director for competition and SME policy at the association, tells Credit the reasoning behind the initiative.
Credit: Why was the introduction of standards necessary?
Markus Becker-Melching: The main objective is to restore investor confidence and make a significant contribution to revitalising the securitisation market. Our guiding principles are optimum transparency in the se