Monolines said they are still hopeful that they can find a niche in Europe via the municipal bond market, said speakers at the monoline panel at Information Management Network's second annual European CLOs, Structured Credit Products, and Credit Derivatives Summit.

Despite the hard times insurers have weathered over the past year, conference panelists said that monolines are still interested in resuming securitization activity. This could happen once the bond insurers have figured out a more conservative approach to the market that incorporates new and adapted methodologies.

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