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EU banks to be offered securitization 'Christmas present' early next year

By Jack Schickler ( October 1, 2020, 16:25 GMT | Insight) -- Encouraging banks to step up their lending will be the focus of an EU review of securitization early next year, as part of the European Commission's efforts to boost financial sector profits — a move immediately welcomed as a "Christmas present" to the industry. The intended relaunch of packaging and selling on loans, associated with causing the 2008 financial crisis, is aimed at boosting lending to the economy, a senior official said.Encouraging banks to step up their lending will be the focus of an EU review of securitization early next year, as part of the European Commission's efforts to boost financial sector profits — a move immediately welcomed as a "Christmas present" to the industry....

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