Securitization in the European Union
In the wake of the 2008 financial crisis, the role of villain partly fell on securitization, turning it into a long-term pariah in Europe.
While the European securitizations market declined sharply after the financial crisis, the US market grew from $11.3 trillion in 2008 to $13.7 trillion at the end of 2023.
Since the 2008 financial crisis outstanding debt has almost halved in Europe from the 2009 peak of €2.3 trillion ($2.7 trillion).
Now, it’s being cast as a potential hero for a troubled Europe facing trade tariffs, increased defense spending needs and bloated budget deficits.
“Europe needs growth — and growth needs investment,” the European Union’s finance chief, Maria Luis Albuquerque, told Bloomberg.
“To mobilize capital at scale, we must use every tool available.”
Patrick Hoedjes, head of EIOPA’s Policy and Supervisory Convergence Department, told Europe’s finance committee last month that the regulator would have a “strong concern” about any attempts to change requirements.
The European Insurance and Occupational Pensions Authority (EIOPA) is a European Union financial regulatory institution.
https://www.eiopa.europa.eu/index_en
Bloomberg 29 July 2025
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