Regulators are shifting their view on securitization from being highly suspicious to realizing it is an integral part of the financial markets. Securitization industry players now see the importance of regulatory involvement to get the market back on track, said speakers at this year's European Securitization Forum/Information Management Network Global ABS conference.
"Unfortunately, most European politicians' first impressions of the securitization market were wrought by the crisis," said Donald Ricketts, head of financial services and senior vice president at Fleisman-Hilliard. "For Europe, securitization was perceived as the way by which the economy contracted the U.S. illness. Against this backdrop, politicians believe that if they purged themselves of securitization, the world would be a better place."