After probing the territory and determining opportunity, MBIA has opened an office in Milan, Italy, headed up by Luigi Stefano. Stefano will focus on Italy and Greece.

The international effort is led out of MBIA's London office, under the charge of Vice Chairman Jack Caouette. According to Caouette, as countries throughout Europe work to decentralize their banking systems, project finance-type deals will need enhancement.

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.