Italy’s new law will help finance a broad range of assets

By Bill Thornhill
22 Apr 2016

The Italian parliament approved a new law earlier this month that is expected to help finance a broad range of assets. Investors of the secured bonds have recourse to the underlying asset pool as well as an unsecured claim against the issuer.

The new amendment to the securitization law allows banks to issue bonds secured by a wide range of assets.

In early 2014 Italy initially introduced the Obbligazioni Bancarie Collateralizzate framework which was designed to fund loans to small and medium enterprises. But the bonds never took off ...

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