Consumer ABS

Ford Motor Co.’s European captive finance company, FCE Bank is planning a euro denominated auto loan securitization.

It’s not clear how much capital European insurers will need to hold against their investments in U.S. securitizations or whether they can even invest in some of these deals at all.

Euro denominated securitization backed by Swedish and Dutch mortgages as well as a German auto leasing deal are marketing in Europe.

Peter Danna joins the company as director of business development for asset backed securities ratings.

U.K Retailer Tesco plans to securitize credit card receivables via its Delamare Cards trust, according to Standard & Poor’s.

BofAMerrill analysts think the ECB could be a lot more aggressive in the securitization-purchasing program it launched last November.