Securitization is not going away any time soon despite the market storm that has rocked global credit markets, according to Jose Manuel Gonzalez Paramo, a member of the European Central Bank's (ECB) executive board, who says the reselling of debt such as mortgage loans and credit cards is still a valid business model.

Gonzalez Paramo was at European Securitization Forum's and Information Management Network's Global ABS 2008: Piecing It All Together conference held in Cannes, France last week.

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