League table chicanery in Spain

Spain focus


Since the liberalisation of the Securitisation Law in 1998, enabling the issuance of securitisation through fund vehicles, the Spanish market has grown to become the third largest securitisation business in Europe after the UK and Italy. Over this period, the size of the Spanish market has increased five-fold. The burgeoning activity has led to foreign banks clamouring to gain distribution mandates from Spanish originators to boost their transaction volumes in the European

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