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Goldman urges ABS reawakening

A revival in the much-maligned securitisation market remains key to solving the financing dilemma in Europe's corporate sector, according to analysts at the US bank

A revival in the much-maligned securitisation market remains key to solving the financing dilemma in Europe's corporate sector, according to analysts at Goldman Sachs, a bank which itself has felt the ire of investors stung by asset-backed securities sold during the boom years.

The market for asset-backed securities seized up after the financial crisis as investors reeled from losses tied to toxic products including collateralised debt obligations.

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