The revival of securitisation markets is necessary to boost credit availability and households and small businesses particularly need to work towards this goal, European Central Bank Executive Board member Jose Manuel Gonzalez-Paramo said Wednesday.
"A rebound of the securitisation market on a sounder footing, including a stable issuance activity of marketable assets remains crucial from a macro-financial point of view," Gonzalez-Paramo said in a speech in London. "Restoring the securitisation markets requires a combination of initiatives, both from the private and the public sector," he added.
The policymaker noted that the Eurozone banking sector will face large funding needs over the next few years. He pointed out that the 20 largest euro area banking groups have about EUR 800 billion of long-term debt outstanding that will need to be refinanced between May 2010 and end-2012. This figure represents almost half of their outstanding debt with a maturity of over one year, Gonzalez-Paramo added.
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December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.