Mary Pieterse-Bloem, Professor of Financial Markets at Erasmus School of Economics, discusses a new initiative by the European Commission aimed at making packaged loans more attractive in order to stimulate investment. She was invited to speak on the investor panel on Tuesday, 17 June, on the Dutch broadcaster BNR Nieuwsradio. Together with Martine Hafkamp, founder of Fintessa Vermogensbeheer, she talked about new regulations concerning securitisations and cryptocurrencies.
Regulation
The initiative proposes simplifying the rules surrounding these packaged loans, also known as securitisations. According to the panel members, the current regulatory framework is too strict, making it too costly for companies to bring these instruments to the market. In the view of Pieterse-Bloem, we have collectively gone too far in tightening these regulations. Securitizations are an important product inside the financial markets, but due to strict regulations, they are currently underutilized.
Later in the discussion, the panel addressed the concerns raised by Klaas Knot, who is the chairman of the Financial Stability Board (FSB), about the growing influence of crypto ETFs and stablecoins on the traditional financial system. The panel members agree with Knot’s warning and, in contrast to their stance on securitisations, both advocate for stricter regulation in this area, arguing that there is no turning back to a time when crypto didn’t exist.
- More information
You can listen to the full episode from BNR Nieuwsradio here (in Dutch).
