Lucas Papademos, vice president of the European Central Bank, said the goal of reinvigorating securitisation markets is to do so "on a sound basis". "The current economic and financial crisis ... provides very convincing evidence that regulatory reform and macroprudential oversight will support sustainable growth," Papademos said. "I believe steps can be taken to relaunch securitisation but to relaunch it on a sound basis so as to facilitate the provision of credit to the economy and the better distribution of risk among market participants."

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