Securitization: All bets are off as ECB takes hold of ABS

Securitization made serious advances in Europe last year, even if the numbers do not show it. Supply has broadened and the product has been embraced by the continent’s higher powers. But looking ahead there is no escaping the long shadow of the European Central Bank, which, for good or ill, is going to shape the entire market for the next 12 months and beyond. Tom Porter reports.