HSBC's securitization team has begun an initiative to expand its structured finance activities in Europe, focusing on the structured investment vehicle (SIV) market.

According to Bahman Jahanshahi, the head of the structured finance group at HSBC in London, the investment bank is intending to "do what it needs to do to set up SIVs." The process has already begun. Former Moody's Investors Service SIV analyst Dominic Swan will be starting shortly at HSBC to head a new team specifically designed to jumpstart the bank's SIV operations.

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