BBA welcomes securitisation paper: BBA, welcoming the BoE/ECB paper on securitisation, noted the EU markets had suffered because of the failings of US markets in the financial crisis, and are now arguably over-regulated. BBA said it is important to recognise the impediments to the EU securities markets such as the impact of the Solvency 2 capital regime on investor appetite and the lack of availability of swap counterparties of the highest quality. (Source: BBA Welcomes Securitisation Paper)