An excellent corrective piece on securitisation in the Financial Times

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.