Yves Mersch, of the ECB, gives an interview to Il Sole. He specifically focuses on the issue of upcoming regulations of ABS as a reason for the failure of the market to return

In an interview given last week to the Italian newspaper Il Sole 24 Ore, Yves Mersch, a member of the Executive Board of the European Central Bank and the person in charge at the ECB of the Banking Union dossier, not only reflects of the need for a securitisation market to assist SME’s in Europe but specifically refers to the proposed regulatory changes to the capital treatment as a possible cause of the securitisation market’s failure to revive.

The relevant extract of his interview can be found here