The exposure draft of the International Accounting Standard 39 looks like it is shaping up to better address securitization - though unless the accounting regulations take into consideration indicative consolidation scenarios under SIC-12, the European securitization market could fail to see substantive benefits.

A special panel concerning the latest developments on the IAS 39 exposure draft was incorporated into Moody's Investors Service second annual ABCP conference in London last week. Alex Bertolotti, director of the Financial Services Group at Deloitte & Touche, led the discussion.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.