VENICE - A poll on the major trends in European securitization for 2006 conducted at the European Securitization Forum's third annual meeting returned one perfectly predictable result: the implementation of Basel II is the issue of the year for many players.

Poll respondents were in the audience attending an interactive panel last Wednesday moderated by Christopher Davis, managing director in the securitized products group at Deutsche Bank. They were a varied lot, including investors, issuers, service providers and a mysterious other category that even the panelists couldn't decipher.

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