Today, the Financial Times published an excellent article penned by Alexander Batchvarov. The article on European securitisation (which lies behind a pay-wall) is a much needed corrective to the rich collection of “urban myths” that sadly still plague the general public’s perception of securitisation. As the article makes plain, securitisation is a technology and, like any other, can be used for good and not-so-good. But the record of this technology as it was deployed in Europe more than stands comparison with its peers.
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