BoE official says securitisation not a panacea for EU

May 22, 2015 2:41 PM

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LONDON May 22 European Union efforts to revive the market for securitisation, a sector tarnished in the financial crisis, won't help smaller firms with funding by that much, a senior Bank of England (BoE) official said on Friday.

The BoE and the European Central Bank have spearheaded efforts in the EU to kickstart securitisation, or creation of debt based on pooled loans, as a way for companies to raise funds as banks rein in lending.

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