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AFME: Securitisation market will be critical to EU recovery
EUROPE will need a much larger securitisation market if it is to foster growth, Simon Lewis will say today in his role as chief executive of the Association for Financial Markets in Europe (AFME), a regional industry body.
“Europe’s funding needs in the coming years will be considerable – the ECB estimates that €1,000bn (£883bn) of debt is due for refinancing over the next two years – so it is crucial that a stronger and reinforced securitisation market plays its part,” he will say.
Lewis will also highlight that despite their risky reputation following the financial crisis, many asset-backed securities (ABS) in mortgages and credit card loans have performed well.