Global Analysis from the European Perspective. Preparing for the world of tomorrow




EU lawmakers move to revive asset and mortgage backed market

European lawmakers are set to give their first backing to a plan to revive the market for asset and mortgage backed securities on Thursday, the EU lawmaker responsible for the initiative said. Last year the European Union’s executive arm proposed loosening rules on securitization, the process through which banks pool and sell loans, in a bid to revive a 200 billion euro market that has fallen to about a quarter of its 2008 peak. Source Reuters


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