European Securitization

European ABS market participants are optimistic about 2024, despite the persistence of rates volatility and economic fears. While poor arbitrage haunts the CLO market, managers are ready to tighten the straps on their captive equity funds and soldier on. George Smith and Victoria Thiele assess the market outlook for European securitized products

For the first time since the global financial crisis, there is optimism that much-needed positive and proportionate regulatory reform is coming to European securitization. Yet there is a long way to go before glimmers of hope translate into concrete changes or have a meaningful impact, write Tom Lemmon and George Smith.

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◆ Putting the AI in ABS ◆ Middle-market CLOs face more questions