Eurozone ABS struggles to dent UK dominance

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By Tom Porter
23 Mar 2015

Eurozone ABS deals are beginning to hit the primary market with greater frequency, but bankers are struggling to escape the irony of the European Central Bank’s intervention stimulating more issuance in sterling than euros.

Securitizations backed by UK originated assets have accounted for over 40% of non-US supply so far in 2015, compared to just 22.5% for Eurozone asset-backed trades, according to figures from JP Morgan. Australia is also well ahead of the Eurozone with 34% of the non-US total.

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