The Financial Times calls for a reduction in the “free money” programs of the ECB mentioning the securitisation markets as a prime victim

In today’s Financial Times, an opinion piece by Patrick Jenkins calls for the dramatic scaling down of the LTRO and other very loose monetary programs of the ECB. ┬áThe article specifically ties the aenemic state of the European securitisation market to the availability of cheap central bank funds. This reflects the views strongly expressed by, amongst others, PCS. The full article may be found here (please note it lies behind a paywall).