Social securitisations, target over 100 million

Today's Il Sole 24 Ore features an interesting interview by Laura Cavestri with Mirko Tramontano, CEO of My Credit, who spoke about social securitisation, a tool provided for in the 2020 Budget Law, and the My Credit project. “The tool,” explains Tramontano, 'was born from daily observation: debtor families and businesses want to keep their property but also want to keep their debt manageable. We have assessed that social securitisation, if used correctly, can be a valid response to this challenge, where the interest is not only that of the investor but also takes into account the rehabilitation of the debtor. [...] For a year now, we have been working with a task force on the implementation of the instrument, from contractual aspects to the impact on the real economy. The time is ripe." The full article is available only to subscribers.