A new SME guarantee scheme announced by the U.K. government could be positive for SME ABS issuance and would align the U.K. with its European peers.

In a speech to the conservative party annual conference, George Osborne, Chancellor of the Exchequer, said he has asked the Treasury to look at ways of injecting money into small businesses, namely credit easing. He unveiled preliminary details of an initiative aimed at bolstering lending to small and mid-sized enterprises.

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