European securitisation comes in from the cold: regulators are finally warming up to a vital market. What are its prospects now? Securitisation, the cunning wheeze of wrapping up various types of assets and debts into packages that made millions for bankers in the last decade, but exacerbated the subprime mortgage crisis that fuelled the financial meltdown, seems to be back in favour as central bankers see that it still has an important role to play.
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