A&O predicts rise of private lending market

Allen & Overy has commissioned research which supports the conclusion that Europe is poised to develop a private sector lending market as an alternative to bank finance.

Governments are ‘increasingly anxious’ to encourage alternative sources of funding, say the authors of the law firm’s report ‘Funding European business: What’s the alternative?’ in which they survey over 200 finance executives across western Europe. The authors also point to ‘recent regulatory changes in Italy, for example’ which open the market to non-bank lenders such as insurance companies. And the firm says: ‘It’s looking increasingly likely that a pan-European private placement market will join the mainstream of corporate finance in 2015.’ Source: A&O

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