European Securitisation Forum proposes amendments to Italian law

In a letter to the Banca d’Italia and the Ministero dell’Economia e delle Finanze, the Italian ministry of the economy and finance, the ESF said changes need to be made to the existing Italian law '130/99', which laid the foundation for the country's securitisation market, to make the legal framework more flexible and allow more types of assets to be securitised.

Corrado Angelelli, partner at law firm Freshfields in Milan and special counsel to ESF, said problems identifying eligible assets and

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