ECB Executive Board member Yves Mersch is sceptical that a "silver bullet" solution can be found to spur lending to small business, but the relaunch of securitizations, possibly with less stringent capital requirements, might help. "We can examine if there are bottlenecks in the use of financial assets in collateralization to get refinancing from us," Mersch said in an interview with the Italian business daily Il Sole 24 Ores published Friday. "For instance, Italy used to have an important market for ABS. This has shrunk, but is recovering again," he said. "Is it related to the situation of SMEs or to regulatory ... (full story)