Loukas Kaskarelis explores the challenges facing Europe’s securitisation market and its divergence from the more developed US model. In this article, he outlines the market’s structural shortcomings, highlights recent EU regulatory reforms, and examines proposals for a publicly backed SME securitisation platform. He draws on lessons from national guarantee schemes to argue how such initiatives could enhance SME financing, support the Savings and Investments Union, and strengthen Europe’s capital markets.