Securitisation still a dirty word in Europe

23 Mar 2012

Just when it seemed that securitisation was in line for regulatory redemption in Europe, the European Commission has labelled the market as a part of the shadow banking system.

But the Commission’s new green paper is unlikely to result in more discriminatory measures, market practitioners argue, because the shadowy parts of the market have already been curbed by post-crisis regulation.

The EC based its green paper on shadow banking on a report released by the Financial Stability ...

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