The amount of European bank loans owned by securitisation vehicles dropped over the first three months of this year, with holdings now 20% lower than at their peak in late 2010.
Loans originated by eurozone banks accounted for €974 billion ($1.1 trillion), or 77%, of all securitised obligations held by financial vehicle corporations – also known as special-purpose entities (SPEs) as of end-March. This is €14 billion (1%) lower than at end-2018, and only €53 billion (6%) higher than the nadir
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