Europe’s asset-backed securities market (ABS) is going underground.
Having been thrust into the spotlight after the financial crisis as regulators blamed the products and the bankers that structured them for causing the crash by obscuring risks, the ABS market is retreating further into the shadows.
Private bilateral sales of the bonds, which are typically backed by collateral such as car loans or mortgages, now outstrip public sales to investors, according to Bank of America Corp. analysts led by Alexander Batchvarov.
The full article is available at http://www.bloomberg.com/news/articles/2016-07-05/europe-s-asset-backed-bond-market-is-growing-more-mysterious
