IMF: state aid for ABS market may slow recovery

In its latest Global Financial Stability Report, due for release next month, the International Monetary Fund (IMF) stresses the importance of a recovery in the securitisation market, but warns that some of the state interventions in the market over the past year may be counterproductive. Securitisation is vital to a healthy lending market, the IMF wrote, and regulators and central banks have the right objectives in mind: to clear away unreliable ‘legacy' securitised products and restart