German Banks Urge Ministry to Seize Momentum on Securitization

The lobby group representing Deutsche Bank AG and Commerzbank AG said it submitted a report on securitization to the German Finance Ministry. — The lobby group representing Deutsche Bank AG and Commerzbank AG said it submitted a report on securitization to the German Finance Ministry.
Photographer: Krisztian Bocsi/Bloomberg

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By Nicholas Comfort and Kamil Kowalcze

September 16, 2024 at 3:11 PM UTC

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The lobby group representing Deutsche Bank AG and Commerzbank AG has urged the German government to seize on the recent interest in reviving the securitization market as a way to boost lending across the region.

European Union rules on securitization scare off investors because they’re overly bureaucratic and make transactions too costly, Commerzbank’s Chief Executive Officer Manfred Knof said during the banking lobby securitization forum on Monday.