Leading in securitisation



Italy’s sometimes controversial securitisation programme has the feeling of a work in progress. The Italian Treasury has, to date, securitised property, delinquent social security payments, and public- and private-sector loans, among other assets.

During the disposal of the assets behind the real estate deals and collecting delinquent social security payments, there have been periods of instability where some deals have not progressed as smoothly as anticipated. The programme has also attracted

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