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How To Fix Europe's Securitization Market
How To Fix Europe's Securitization Market Submitted by Huw Van Steenis, Europe has a financial plumbing problem.  Nothing illustrates this better than its securitisation markets. This is such a big issue that a seemingly exotic financial tool has shot up the agenda in Brussels lately. Securitisation is the process of transforming a bunch of smaller loans or other cash-generating assets into larger, tradable securities. Despite the lingering bad smell from the damage this caus
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