Editorial: P2P ABS: saviour or desperation?

Author: | Published: 21 Mar 2016

Rumours of Europe's first marketplace-lending securitisation gathered pace last month. The instrument, which securitises loans made on voguish peer-to-peer lending platforms is already doing business in the US, and has been since 2013. On the one hand, the logic for such an instrument in Europe is clear: The European Commission is determined to kick-start the securitisation market and any so-called marketplace ABS would certainly offer welcome volumes, albeit relatively small ones.

And with lending to small and medium-sized enterprises (SMEs) in short supply...