The Bond Market Association last week announced the formation of a European CDO committee that will be made up of broker-dealers active in the European CDO market, with the objective of developing strategies that enhance market growth.

The initial committee will be headed up by 15 members, but will be open to any broker-dealer member of the European market. Twelve to 15 firms have already expressed interest in joining, said Nadine Cancell, vice president and assistant general counsel at the association.

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