ROME - In light of Italy's newfound status in European securitizations, there was a lot to say last week at the second annual Issuers & Investors' Summit on Italian & Southern European ABS.

Second only to the U.K. securitization market, Italian structured finance accounts for volumes that had swollen to $15.4 billion by the end of the third quarter this year. According to Standard & Poor's, the market is well on its way to reach the $20 billion mark by the end of the year.

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