Change on the cards in Spain and France

News

Legislation changes in both France and Spain will boost the French credit derivatives and Spanish securitisation sectors respectively, providing investors with a wider array of investment opportunities.

In Spain the reform of the financial system is set to update financial legislation so that mortgage loans will be a securitisable asset.

“It is more a change in legal nuance than substance,” says Emilio Díaz Ruiz, lawyer at Uría & Menéndez in Madrid, “allowing financial institutions to securiti

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