经管专业毕业论文外文翻译---未来的中小企业融资-企业融资(编辑修改稿)

经管专业毕业论文外文翻译---未来的中小企业融资-企业融资(编辑修改稿)内容摘要：

take over the remendations from the European Parliament with regard to granularity, access to retail portfolio, maturity, partial use, adaptation of thresholds, etc., which will ease the burden on SME finance. 2. SMEs need transparent rating procedures Due to higher risk awareness of the finance sector and the needs of Basel II, many SMEs will be confronted for the first time with internal rating procedures or credit scoring systems by their banks. The bank will require more and better quality information from their clients and will assess them in a new way. Both uping developments are already causing increasing uncertainty amongst SMEs. In order to reduce this uncertainty and to allow SMEs to understand the principles of the new risk assessment, UEAPME demands transparent rating procedures – rating procedures may not bee a “Black Box” for SMEs: • The bank should municate the relevant criteria affecting the rating of SMEs. • The bank should inform SMEs about its assessment in order to allow SMEs to improve. The negotiations on a European Code of Conduct between Banks and SMEs , which would have included a selfmitment for transparent rating procedures by Banks, failed. Therefore, UEAPME expects from the new European Commission and the new European Parliament support for: 5 • binding rules in the framework of the new Capital Adequacy Directive, which ensure the transparency of rating procedures and credit scoring systems for SMEs。 • Elaboration of national Codes of Conduct in order to improve the relations between Banks and SMEs and to support the adaptation of SMEs to the new financial environment. 3. SMEs need an extension of credit guarantee systems with a special focus on MicroLending Business startups, the transfer of businesses and innovative fast growth SMEs also depended in the past very often on public support to get access to finance. Increasing risk awareness by banks and the stricter interpretation of State Aid Rules will further increase the need for public support. Already now, there are credit guarantee schemes in many countries on the limit of their capacity and too many investment projects cannot be realized by SMEs. Experiences show that Public money, spent for supporting credit guarantees systems, is a very efficient instrument and has a much higher multiplying effect than other instruments. One Euro form the European Investment Funds can stimulate 30 Euro investments in SMEs (for venture capital funds the relation is only 1:2). Therefore, UEAPME expects the new European Commission and the new European Parliament to support: • The extension of funds for national credit guarantees schemes in the framework of the new MultiAnnual Programmed for Enterprises。 • The development of new instruments for securitizations of SME portfolios。 • The recognition of existing and well functioning credit guarantees schemes as collateral。 • More flexibility within the European Instruments, because of national differences in the situation of SME finance。 • The development of credit guarantees schemes in the new Member States。 • The development of an SBIClike scheme in the Member States to close the equity gap ( – Mio Euro, according to the expert meeting on PACE on April 27 in Luxemburg). • the development of a financial support scheme to encourage the internalizations of SMEs (currently there is no scheme available at EU level: termination of JOP, fading out of JEV). 6 4. SMEs need pany and ine taxation systems, which strengthen their capacity for selffinancing Many EU Member States have pany and ine taxation systems with negative incentives to buil。