The European Securitization Forum (ESF) opened its office doors in Europe three years ago and since has seen the European securitization market expand from E78 billion (US$90 billion) in 2000 to E157 billion (US$182 billion) in 2002. And there are more good things to come, said ESF members, who have seen the forum's membership grow to 100 members from its original 20.

The main area of concentration currently is the ESF's active involvement with the Basle Accord as well as pending accounting standard changes, the ESF stated at a press briefing last week. "Basle has set a deadline for the next wave of commentary for the end of this year," said one source. "I think it's encouraging that we are all

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