Brussels, 22/04/2009 (Agence Europe) - On Tuesday 21 April, the European Commission approved the UK's Asset-Backed Securities Guarantee Scheme, which forms part of UK measures to support the banking industry during the current financial crisis. In notifying the scheme, on 17 April 2009, London stressed the difficult situation of the UK housing market as a consequence of the credit crunch. The measure is intended to expand the funds available to banks to promote lending to homebuyers and...