The ultimate aim of the European Commission’s (EC) different regulatory initiatives is not to throw out the baby with the bathwater but to ensure that the “baby is able to grow on two solid feet and not create havoc,” said Nadia Calvino, deputy director general at the EC directorate general internal market and services.

She was addressing attendees at the Information Management Network’s and the Association for Financial Markets in Europe’s (AFME) Global ABS 2012, which is being held in Brussels this week.

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