The European Commission is raising pressure on the investment banking community in Europe to demonstrate tangible plans to reform the way that investment banks conduct securitisation processes. The Commission is quietly calling for some concrete proposals to make the world of complex products more transparent and accountable by the end of June – or face the threat of a future regulatory clampdown. Some industry bodies, such as the European Securitisation Forum, are scrambling to respond to these demands, and are debating a series of reform measures with their member banks. However, it remains unclear whether these moves will emerge rapidly enough to satisfy Commission officials.
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