Skip to content
Subscriber Only

Europe's Securitization Bankers Say They're Stifled by New Rules

Post-financial crisis regulation means that the region's securitization market remains a shred of what it once was.
Sunny Barcelona.

Sunny Barcelona.

Photographer: David Ramos/Bloomberg

Two decades ago, Europe's asset-backed securities (ABS) market was in its infancy. It has not aged gracefully.

On a panel at the annual gathering of securitization bankers in Barcelona on Wednesday, the industry's old guard reminisced about how things were when they met for the very first time in Cork, Ireland, in 1996. Securitization, a technique for transforming groups of loans into tradable bonds, provides financing to banks and companies and fees for investment bankers.