Resources for Basel II Capital Accord (Basel II)

Dialogue crucial to improve SMEs' access to finance - UEAPME

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UEAPME, the European craft and SME employers' organisation, welcomed the outcomes of the 5th Round Table between Banks and SMEs organised by the European Commission, which held its final meeting in Berlin on 11 May. Participants agreed recommendations for action on a number of crucial topics for SME finance such as transparency and dialogue, "mezzanine finance" and SME securitisation (1). According to UEAPME, which was involved in the discussions over the past 18 months, the Round Table contributed to a better understanding of the issues at stake and paved the way to a series of new possibilities in SME funding. UEAPME warned, however, that access to finance for SMEs will be improved in reality only if all involved parties collaborate to this end, both at EU and Member State level.

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