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European Commission to outline relaunch of European securitisation

The European Commission (EC) will discuss its plan to relaunch the European securitisation market at a new event in London. The Future of European Securitisation conference on November 11, organised by City & Financial Global, is expecting around 100 delegates from the financial services sector.

The European Commission (EC) will discuss its plan to relaunch the European securitisation market at a new London event that is slated to attract a long list of industry leaders.

The Future of European Securitisation conference on November 11, organised by City & Financial Global, is expected to draw 100 delegates from the financial services sector and at least 15 confirmed speakers.

The European Commission, Brussels
The European Commission, Brussels

Martin Merlin, director of financial markets at the EC’s Directorate General for Financial Stability, will deliver the keynote address.

He will be joined by David Rule, executive director for Prudential Policy, Bank of England and representatives from the European Central Bank and the European Banking Authority.

Additional speakers include Gareth Davies, managing director with JP Morgan; Alexander Batchvarov, managing director with Bank of America Merrill Lynch; and Ben Bates, CEO of Euro ABS.

The EC’s plan to relaunch the securitisation market in Europe is due to be published in September. The plan will build on its consultation paper on securitisation published earlier this year and will set out specific steps for the relaunch of the European market.

“Although tougher financial prudential regulation has made European banks more resilient, it has also dampened their enthusiasm for securitising their loan books, despite the fact that this would increase their lending capacity,” said City & Financial Global.

“While all agree that a revival of the securitisation market would serve a very useful purpose in terms of increasing lending and supporting economic growth, a number of obstacles will need to be tackled if this is to be achieved.”

The venue for the event is yet to be confirmed

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