The relaunch of securitisation, proposed by the European Commission in mid-June (see EUROPE B13661A26), enjoys broad support within the Council of the European Union. On Tuesday 8 July, many European finance ministers expressed their interest in revitalising this market, which they see as a lever for raising capital and stimulating investment.
However, a number of points have been raised, particularly with regard to due diligence, prudential rules, the definition of “public”...