The BSA is pleased to respond to the Commission’s consultation on securitisation, part of its wider work towards a Capital Markets Union outlined in the Green Paper. We welcome the emphasis in the foreword to the Green Paper on jobs and growth, and that capital markets should complement bank financing. We also welcome the general approach taken by Commissioner Hill – asking the right questions, gathering the evidence, rather than announcing prescriptive regulation. Given our members’ primary involvement in housing finance and savings rather than business finance or securities markets, we will concentrate on the securitisation consultation only.
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