A new EU 'stamp of approval' to kickstart the use of a controversial financial tool was given for the first time last week - but the market has mostly been in a waiting mode as the adoption of technical rules for the new EU system has faced delays.
The controversial financial tool is called securitisation, and it involves cutting up loans, mortgages or other debts in multiple pieces and then selling off the risk.
Securitisation of subprime mortgages in the United States caused th...
Back our independent journalism by becoming a supporting member
Already a member? Login here