EU resurrects banking practice that caused the 2008 financial crisis Securitization allows banks to repackage and resell debt, famously explained by actress Margot Robbie in a bubble bath in the film “The Big Short.”

❌ As we told @politico, banks aren’t obliged to use freed-up capital for productive investment.
And everything suggests they won’t.

🤔 So who does this securitisation revival really serve?

#CMU #SIU #Basel3 #NoMoreCrises #Securitisation #EUFinance #Banking

www.politico.eu/article/euro...