GENEVA - While the European market enjoys its most active year, accounting and regulatory concerns still blur the horizon. The European Securitisation Forum kicked off its 2004 ABS Summit with many of the themes that have stolen the show over the past few years.

While the market has taken considerable steps forward, panelists emphasized that many more issues need to be considered before the final implementation of Basle II and the new accounting regulations under the International Accounting Standards Board.

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