European Commission reads the riot act on securitisation

David Wright

While many participants in the European securitisation market have already drawn a line under a terrible year by early December, those at the European Securitisation Forum (ESF) face the prospect of Christmas being cancelled altogether. News emerged in early December that a delegation from the European securitisation industry’s trade body had been summoned to speak with EU director of financial services David Wright during the first week of December and tasked with coming up with an action plan to tackle the industry’s problems – by the end of January.