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Subjects / Resolution and Recovery

Newsletter December 2008: EU ministers, Parliament clash over securitisation

Simon Turmaine | December 16, 2008

BRUSSELS – EU finance ministers and the European Parliament look set to collide over the regulatory treatment of securitisation products. There is wide agreement that the originators of such products should retain an economic interest in them, to try and prevent a reoccurrence of the reckless practices that undermined confidence in the securitisation market and contributed to the current global financial crisis.

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