Despite the enormous progress that has been made in the rehabilitation of high quality securitisation, Finance Watch today published a timely reminder that not everyone is convinced that a return of a safe and strong securitisation market will be beneficial to the European economy. Finance Watch’s position paper on securitisation although mentioning PCS and acknowledging some of the strengths of securitisation, demonstrates that those, like PCS, who believe in the value of this financing channel still have work to do in convincing skeptics and that political support for it must be earned and should not be taken for granted.
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