On 17 September 2013, the European Insurance and Occupational Pensions Authority (EIOPA) published an article by its Chairman in which he comments on the potential of insurers being a source of SME financing. In the article, Mr Bernardino notes that insurers' regulatory requirements are not the only impediment to SME financing. He states that insurers, in comparison to banks, may lack the necessary detailed information in relation to SMEs to provide loans directly. He further identifies the active role banks play in the restructuring and renegotiating of loans as compared to insurers. As a result, Mr Bernardino states that insurers will most likely invest in conjunction with banks, via securitisations and other financial mechanisms. Finally, Mr Bernardino suggests that guarantees provided by public institutions on SME loan portfolios or SME loan securitisations could create a more attractive funding opportunity for insurers.