Consultation: The case for a better functioning securitisation market in the European Union—AFME response

Consultation: The case for a better functioning securitisation market in the European Union—AFME response

A recent Bank of England (BoE) and European Central Bank (ECB) discussion paper effectively sets out the principle benefits of and impediments to a well-functioning securitisation market, according to the Association for Financial Markets in Europe (AFME). In its response, AFME comments on a number of key issues raised, including the language used to describe qualifying securitisations, the central bank's transaction-based approach and the broadness of the term 'securitisation'.

For the paper see here: BoE and EBC paper

Summary

Background

On 30 May 2014, the BoE and ECB issued a discussion paper on the revitalisation of the Europe

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About the author:
Eleanor qualified in 1998 into the insolvency team at ASB law. She became a partner in 2005, and went on to head up the Recovery & Insolvency team. Whilst traditionally specialising mainly in contentious corporate insolvency matters, in recent years she has moved into the non contentious arena, in particular specialising in company administrations.