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On today's issue of Il Sole 24 Ore, an interesting interview by Laura Cavestri with Mirko Tramontano, CEO of MyCredit, who talked about social securitizations, a tool provided for by the 2020 Budget Law and My Credit's project.

"The instrument," Tramontano explains, "arises from daily observation: indebted families and businesses wish to retain the property but also manage a manageable debt. We have assessed that social securitization, 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, with a task force, we have been working on the implementation of the instrument, from contractual aspects to impacts on the real economy. The timing is ripe."

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