CALLING FOR THE EXTENSION OF THE “SME SUPPORTING FACTOR” REGULATION : MEPS WRITE TO COMMISSIONER HILL

On February 24, MEP Burkhard BALZ, member of the Bureau of the Long-term Investment and Reindustrialisation Intergroup, and ten MEPs from the Committee on Economic and Monetary Affairs (including ECON Chairman Roberto GUALTIERI, the group coordinators and Rapporteurs for CRR) wrote to Commissioner HILL to call for the extension of the lower capital requirements that credit institutions and investment firms benefit from when exposed to credit risk for SMEs.

“The SME supporting factor” is a tool which has proved already very useful to tackle the difficulties SMEs face regarding to financing. At a dire time for the European economy, it is essential to make it easier for 99.8 % of the European companies to finance their development and create jobs.

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