Cumulative losses are similar to those of deals from core countries. The distinction lies in the secondary market, where liquidity has been negatively impacted.
Players have learned lessons from the financial crisis and are applying them again.
Panelists questioned whether the key drivers of defaults are reflected in the available information and if expected losses in the event of a default can be modeled using the information available from this ECB-sponsored repository.
Investor interest in both the primary and secondary markets is strong, but some issuers are struggling with the ECB's loan level data requirements
In most cases, securizations would become subject to local laws in the event of a redenomination.
Global ABS 2011 attendees are set to examine securitization's role as a funding tool in helping Europe’s financial improvement.
