IMF report calls for reform of securitisation markets
Staff report emphasises need to make securitisation practices more robust while spurring demand; calls for standardised classifications of underlying risk characteristics
Aggressive risk-taking is "creeping back" into some corporate credit segments and the time has "never been more right" to firm up securitisation markets, the International Monetary Fund (IMF) said in a staff report published on January 29.
Debt securitisation is being touted by many as a partial solution to economic problems in Europe, where bank lending remains depressed and capital markets are less developed than in the US.
But the practice also remains controversial, given its role in
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