The Parliament took its time, but it managed, on Thursday 8 December, officially to agree on the proposed regulation of the Commission aiming to revitalise the European securitisation market (see EUROPE 11387). The Council has been waiting for it to do so for a year (see EUROPE 11445).
Securitisation is a technique that allows banks to convert the loans it grants (mortgages, consumer loans) into financial securities in order to resell them on the markets. Although it has been accused of...