Securitisation back in from the cold - about time

摘要

Securitisation is coming out of rehab and is set to emerge from its painful period of exile. The European Commission's March 27 paper "Long-Term Financing of the European Economy" focuses on how to get capital flowing into the real economy. Securitisation is in there as one of the products expected to play an important role in those efforts, which broadly recognise that bank lending won't provide the quantum of capital needed and that capital markets will need to take up the slack.