Law360, London (March 14, 2017, 9:40 PM GMT) -- Financial services firms are lobbying desperately for Europe’s moribund asset-backed securities market to reignite, but some lawmakers in Parliament and elsewhere are standing up against newly proposed laws they see as sowing the seeds of the next financial crisis.
The European Commission’s proposals for legislation to provide a transparent regulatory framework for the securitization market, financing for businesses generated from packaging and resale of groups of illiquid securities such as mortgages, are meant to give markets-based financing a boost — and are facing opposition in the European Parliament and in some key national capitals.
Talks last Thursday among commission officials, EU...
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