27/10/2009 (Agence Europe) - On Tuesday 27 October, the European Commission authorised the extension, until 31 December 2009, of the UK Asset-backed Securities guarantee scheme introduced in April (see EUROPE 9887). The measures, and their extension, are in line with the Commission guidelines on state aid to banks during the current crisis. In particular, the extended measures are limited in time and scope. The Commission has concluded that they represent an appropriate means of remedying a...