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Industry sets template for loan modifications
A framework sponsored by the US administration to soften the impact of subprime resets provides comfort for servicers and clarity for investors
Italease to launch securitisation repo
Troubled Milanese leasing specialist Banca Italease plans to securitise an €800 million portion of its lease portfolio, structured with ABN Amro.
FSA to lenders: prepare for the worst
The UK Financial Services Authority's director of retail markets, Clive Briault, warned mortgage lenders yesterday they should prepare for market conditions to worsen still further in the year ahead.
ECB re-enters money markets as fears of volatility return
The European Central Bank (ECB) will push extra liquidity into the money market to counter "re-emerging risk of volatility", it announced on Friday.
Trichet predicts tighter regulations on banks
The president of the European Central Bank, Jean-Claude Trichet, has blamed the summer's crisis on opaque financing models and mistakes by rating agencies, and has called for an overhaul of financial regulation.
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