The German Banking Industry Committee (GBIC), together with True Sale International (TSI), an initiative to promote the German securitisation market, published their joint reply to the questionnaire of the European Commission on the functioning of the securitisation framework. They see an urgent need for making the existing framework fit-for-purpose, thus realising the potential of securitisation and strengthen the competitiveness of the European banking sector.
The comment on the “Targeted consultation on the functioning of the EU securitisation framework” can be found here.