FinanceDublin.com - Developing deep EU capital markets requires a functioning securitisation regime

If policymakers are serious about developing deep capital markets then the flaws in the EU’s securitisation framework need to be fixed writes BPFI’s Peter McGuigan. He says that without being able to efficiently recycle risk in the system through an effective and efficient securitisation process other elements of CMU will prove more difficult.

When making her pitch to MEPs for a second term as European Commission President, Ursula Von der Leyen, focussed heavily on the need to boost EU competitiveness. As she put it “those who are not competitive will be dependent”.

In this more fractured geopolitical world, Europe’s policymakers – spurred on by Eurogroup President Paschal Donohoe – have rightly begun to ask hard questions about the blocs place in the world, its external dependencies....

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