What the bifurcation of European securitisation means

Author: Danielle Myles | Published: 1 Feb 2012

New securitisation structures emerging in Europe reflect the market’s division into risk transfer tools and funding tools.

It’s a sign of maturity for the region where, unlike the US, the product has predominantly been used as a source of bank funding.

"It’s interesting to see bifurcation between securitisation as a funding tool and a risk management tool," said Dominic Swan, head of ABS investments with HSBC Global Asset Management, speaking...