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No talks on EU plan for complex financial products in 2016
By EUobserver
Member states and MEPs will not start talks on new rules to promote securitisation - a controversial family of financial products - before the end of this year, a Slovak presidency source told EUobserver. Last week MEPs agreed a common position and member states adopted their position last year. Such complex products, which involve packaging loans and selling off the risk, helped to cause the 2008 financial crisis.